This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of November 24th, the price of phthalic anhydride in neighboring countries was 5800 yuan/ton, a fluctuation of 1.58% compared to the price of 5893.33 yuan/ton on November 14th. Phthalic anhydride continues to decline, with prices fluctuating and falling. Phthalic anhydride prices are temporarily stable, costs are stabilizing, and the operating rate of phthalic anhydride enterprises has slightly increased. Phthalic anhydride supply is sufficient; The operating load of downstream DOP enterprises has slightly increased, and the demand for phthalic anhydride still remains supported. Supported by the demand for cost reduction, the price of phthalic anhydride fluctuated and fell this week.
The cost of phthalic anhydride is stabilizing
On November 24th, Sinopec quoted a price of 5800 yuan/ton for ortho benzene, which stabilized from the price of 5800 yuan/ton on November 14th. The price of ortho benzene is temporarily stable, while the cost of phthalic anhydride is stabilizing. The operating load of phthalic anhydride equipment has slightly increased, and the supply of phthalic anhydride is sufficient. The supply cost is stabilizing, but there is still downward pressure on phthalic anhydride.
Demand side: DOP prices rebound and rise
According to the Commodity Market Analysis System of Shengyi Society, as of November 24th, the DOP price was 6967.50 yuan/ton, which rebounded and increased by 1.22% compared to the DOP price of 6883.34 yuan/ton on November 14th. The cost of DOP has increased, DOP prices have risen, and the operating load of plasticizer DOP enterprises has slightly increased this week. DOP production has increased, and the demand for phthalic anhydride still supports it. The downward pressure on phthalic anhydride has weakened.
Market outlook
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, the DOP equipment load of plasticizer enterprises has slightly increased, the production of plasticizers has increased, and the demand support for phthalic anhydride still exists; In terms of cost, the price of ortho xylene is temporarily stable, the price of raw materials is stabilizing, and the cost of phthalic anhydride is temporarily stable. In the future, the cost of phthalic anhydride is temporarily stable, and the demand for phthalic anhydride is weak due to the increase in production. It is expected that the price of phthalic anhydride will remain weak and stabilize in the future.