The phthalic anhydride market fluctuated and fell in September

According to the Commodity Market Analysis System of Shengyi Society, as of September 8th, the price of phthalic anhydride in neighboring countries was 6133.33 yuan/ton, a fluctuation of 2.65% compared to the price of 6300 yuan/ton on September 1st. In September, the price of phthalic anhydride rebounded and rose, the price of industrial naphthalene stabilized, and the cost support of phthalic anhydride increased. The load of phthalic anhydride equipment stabilized in September, and the operating rate of phthalic anhydride enterprises was 60%. The supply of phthalic anhydride was stable, and the downstream plasticizer market fluctuated and stabilized. The operating load of equipment for plasticizer enterprises remained stable at a high level, and the demand support for phthalic anhydride was limited. Due to limited demand support, the price of phthalic anhydride fluctuated and fell in September.
Rising cost of phthalic anhydride
On September 8th, Sinopec’s ortho benzene quotation was 6400 yuan/ton, rebounding and rising by 1.59% compared to the ortho benzene quotation of 6300 yuan/ton at the beginning of September. The price of industrial naphthalene is stabilizing, the price of ortho benzene is rising, and the cost of phthalic anhydride is increasing. In September, the operating load of phthalic anhydride equipment remained stable, with a 60% operating rate of phthalic anhydride enterprises and a stable supply of phthalic anhydride.
Demand side: Downstream production stabilizes, DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of September 8th, the DOP price was 7517.50 yuan/ton, a fluctuating decrease of 0.94% compared to the DOP price of 7589.17 yuan/ton on September 1st. Cost reduction and increasing pressure for DOP decline; In September, the operating load of DOP enterprises stabilized, and the demand for phthalic anhydride temporarily stabilized, with weak support for phthalic anhydride price increases.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, plasticizer companies are stabilizing their production and output, while phthalic anhydride demand support is relatively weak. In terms of cost, the price of ortho benzene has rebounded and risen, the price of industrial naphthalene has fluctuated and stabilized, and the cost of phthalic anhydride has increased. In the future, the cost of phthalic anhydride will increase, and it is expected that the price of phthalic anhydride will rebound and rise.