China’s domestic phthalic anhydride market price trend was temporarily stable on March 14

On March 13, the phthalic anhydride commodity index was 66.50, unchanged from yesterday, down 44.64% from the peak of 120.13 points in the cycle (2012-02-28), and up 37.34% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price trend of phthalic anhydride is temporarily stable, the market of phthalic anhydride in eastern China is weak and consolidated, downstream factories are just in need of purchasing, the inventory pressure of factories is persistent, high-end transactions are blocked, the mainstream of on-site neighbouring method source negotiation is 6600-6900 yuan/ton, and the mainstream of naphthalene method source negotiation is 6500-6600 yuan/ton; the mainstream quotation of phthalic anhydride market in northern China is 6500-6800 yuan/ton, and the Main, the quotation trend of enterprises has slightly declined, downstream construction is not high, purchase on demand is the main, wait-and-see mentality is strong, domestic phthalic anhydride plant operation is stable, phthalic anhydride spot supply is normal, the market is not good, phthalic anhydride price trend remains weak.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6800 yuan/ton. The actual market transaction price is 7100 yuan/ton. The quotation is stable and the port is out of stock. Upstream raw materials mixed xylene price shocks maintain stability, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation rises, import phthalic cost rises, the actual transaction price talks in detail, upstream price trend is stable, phthalic anhydride market prices remain volatile. DOP price downstream shocks. Recently, in Zhejiang DOP market, merchants’quotations are maintained at 8650-8700 yuan/ton, while downstream prices are at a low level. Demand for upstream phthalic anhydride is limited, and the market price of phthalic anhydride is slightly lower. It is expected that the market price of phthalic anhydride will be around 6800 yuan/ton in the later period.

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