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 5900 yuan.ton, down 0.73% from 5943.33 yuan/ton at the beginning of the week and 16.16% from the same period last year. The phthalic anhydride in Shandong province is 5700-5800 yuan per ton self-lifting, the main stream of phthalic anhydride negotiation in Jiangsu province is 5800-6000 yuan per ton, and the market spot supply is normal; the naphthalene phthalic anhydride plant starts normally, and the current quotation is 5200-5400 yuan per ton.
II. Market analysis:
Products: This week’s domestic phthalic anhydride market prices fell slightly, last week due to the increase in orders from some manufacturers, the market ushered in a slight rise, this week’s phthalic anhydride market prices fell, the market opening rate of phthalic anhydride in the field maintained about 70%, the spot supply of phthalic anhydride in the field was sufficient, downstream factories maintained just in need of procurement, factory inventory was general, high-end. Transaction is blocked, the mainstream of on-site neighbourhood source negotiation is 5700-6000 yuan/ton, the mainstream of naphthalene source negotiation is 5200-5400 yuan/ton; the mainstream quotation of phthalic anhydride market in North China is 5700-5800 yuan/ton, the market price changes little, the quotation trend of enterprises in North China is temporarily stable, downstream construction is not high, on-demand procurement is dominant, wait-and-see mentality is relatively high. Concentrated, domestic phthalic anhydride plant operation is stable, phthalic anhydride on-site goods in general, some manufacturers downgraded the ex-factory quotation, phthalic anhydride price trend slightly declined.
Upstream: Recently, the execution price of phthalic anhydride upstream product, Sinopec o-phthalic acid, is 6000 yuan/ton, and the actual transaction price is about 6000 yuan/ton. This week, the quotation of o-phthalic anhydride is temporarily stable, and the port supply is general. The price of raw materials mixed xylene in the upstream of phthalic acid remained volatile, the turnover of phthalic acid was normal, the stock of phthalic acid in the port was low, the quotation of phthalic acid external market was temporarily stable, the actual transaction price of imported phthalic acid was discussed in detail, the upstream price trend remained stable, and the price trend of phthalic anhydride market slightly declined.
Downstream: DOP prices fell slightly in the downstream this week. Domestic DOP market prices fell at 7266.67 yuan/ton by the end of the week and 1.78% this week. Recently, in Zhejiang DOP market, merchants quoted about 7400 yuan/ton. Downstream prices declined slightly. Demand for upstream phthalic anhydride was limited, and the price of phthalic anhydride market was affected slightly.
Industry: Recent plasticizer industry market remains at a low level, terminal downstream demand has not changed much, and the market price trend of phthalic anhydride has slightly declined.
3. Future market forecast:
Recently, the price trend of phthalic anhydride in the upstream has remained volatile, the DOP market in the downstream has declined, and the plasticizer industry is in a poor position. Business analysts believe that the market price trend of phthalic anhydride may maintain a low volatility, with prices ranging from 5800 to 5900 yuan/ton.