China’s domestic phthalic anhydride market prices fell slightly this week (3.11-3.15)

First, the trend of the market:

According to statistics, the price of phthalic anhydride declined slightly this week. The price of phthalic anhydride this weekend was 6833.33 yuan.ton, down 0.49% from 6866.67 yuan/ton at the beginning of the week and 8.41% from the same period last year. In Shandong province, phthalic anhydride is 6700-6900 yuan per ton self-lifting, while in Jiangsu province, the main stream of phthalic anhydride negotiation is 6900 yuan per ton, with sufficient spot supply in the market. The naphthalene phthalic anhydride plant starts normally, and the current quotation is about 6500 yuan per ton.

2. Market analysis:

Products: In recent years, the price trend of domestic phthalic anhydride market has slightly declined, the market opening rate of phthalic anhydride is around 70%, the market of phthalic anhydride in East China is weak, downstream factories maintain just-in-demand purchasing, the inventory pressure of factories is persistent, high-end transactions are blocked, the mainstream of on-site neighbourhood source negotiation is 6700-6900 yuan/ton, and the mainstream of naphthalene source negotiation is 6500-6600 yuan/ton. Mainstream market quotation is 6650-6900 yuan/ton. The market is weak and shocky. The quotation trend of enterprises is temporarily stable. The downstream construction is not high. Purchase on demand is the main one. The wait-and-see mentality is strong. The domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride is sufficient, the stock situation is not good, and the price trend of phthalic anhydride is slightly declining.

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Industry chain: Recently, the execution price of phthalic anhydride upstream product, Sinopec o-phthalic acid, is 6800 yuan/ton. The actual market transaction price is 7100 yuan/ton. The quotation is stable and the port is out of stock. The price fluctuation of raw materials mixed xylene in the upstream of phthalic acid is stable, the turnover of phthalic acid is general, the stock of phthalic acid in the port is low, the quotation of phthalic acid external market is rising, the cost of imported phthalic acid is rising, the actual transaction price is discussed in detail, the upstream price trend is stable, and the market price of phthalic anhydride is slightly lower. DOP prices downstream slightly declined. Recently, in Zhejiang DOP market, merchants’quotations maintained at 8500-8600 yuan/ton, while downstream prices were at a low level. Demand for upstream phthalic anhydride was limited, and the price trend of phthalic anhydride market slightly declined.

Industry: Recent plasticizer industry trend is general, terminal downstream demand is limited, phthalic anhydride market price trend is declining.

3. Future market forecast:

Recently, the price trend of phthalic anhydride in the upstream has not changed much, and the DOP price in the downstream has been fluctuating. The phthalic anhydride analysts of business associations believe that the market price trend of phthalic anhydride may be slightly lower, with the price around 6,800 yuan/ton.

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