The phthalic anhydride market fell first and then rose this week

According to the Commodity Market Analysis System of Shengyi Society, as of March 10th, the price of phthalic anhydride in neighboring countries was 6950 yuan/ton, a decrease of 2.63% compared to the price of 7137.50 yuan/ton on March 1st; The price of phthalic anhydride has increased by 0.54% from March 9th to 6912.50 yuan/ton. The operating load of phthalic anhydride equipment is stable, and the inventory of phthalic anhydride is low; The operating load of plasticizer enterprises has increased, and downstream demand for phthalic anhydride has rebounded. The price of industrial naphthalene is stabilizing, the maintenance of adjacent benzene units is delayed, the supply of adjacent benzene is sufficient, and the support for the rise of adjacent benzene still exists. The price of adjacent benzene is temporarily stable, and the cost of raw materials is temporarily stable. The downward pressure on phthalic anhydride prices has weakened, and the upward support has increased.

Supply side: Adequate supply of goods

The maintenance of the Yangzi Petrochemical plant has been postponed to May. It is expected that the supply of ortho xylene will be relatively stable in March and April, and the export window will continue to open. Domestic ortho xylene spot supply will be stable, and ortho phthalic anhydride enterprises will start operating at high loads, resulting in stable ortho phthalic anhydride supply.

This week, the cost of raw materials such as benzene is temporarily stable

According to the Commodity Market Analysis System of Shengyi Society, as of March 10th, the price of ortho xylene was 7300 yuan/ton, which is temporarily stable compared to the price of ortho xylene on March 1st at 7300 yuan/ton. The expected maintenance of ortho benzene is ahead of schedule, the supply of ortho benzene is reduced, the price of ortho benzene is increasing, and the cost of ortho phthalic anhydride is stabilizing and rebounding; The price of industrial naphthalene is stabilizing, the cost of naphthalene phthalic anhydride is stabilizing, and the cost support of phthalic anhydride still exists.

Demand side: The DOP market has stopped falling and rebounded

According to the Commodity Market Analysis System of Shengyi Society, as of March 10th, the DOP price was 8213.75 yuan/ton, a decrease of 1.35% compared to the DOP price of 8326.25 yuan/ton on March 1st; The DOP price has increased by 0.92% from 8138.75 yuan/ton on March 9th. Plasticizer DOP enterprises resume production, demand for phthalic anhydride increases, inventory of phthalic anhydride decreases, and the upward momentum of phthalic anhydride increases.

Future forecast

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of costs, the expected start of production for phthalic anhydride has decreased, the supply of phthalic anhydride has decreased, the support for the rise in o-xylene prices has increased, the price of industrial naphthalene has temporarily stabilized, and the cost of phthalic anhydride has stabilized, with increased support for the rise in phthalic anhydride costs; In terms of demand, the operating load of DOP manufacturers has increased, and the support for the increase in demand for phthalic anhydride has increased. In the future, as costs rise and demand recovers, it is expected that the price of phthalic anhydride will fluctuate and rise.