This week, the phthalic anhydride market rebounded and adjusted

According to the Commodity Market Analysis System of Shengyi Society, as of September 15th, the price of phthalic anhydride in neighboring countries was 6300 yuan/ton, which rebounded from the price of 6133.33 yuan/ton on September 8th and increased by 2.72%. This week, the price of ortho benzene was 6400 yuan/ton, with a price increase of 1.59%. The price of industrial naphthalene fluctuated and rose, and the cost support of phthalic anhydride increased. The equipment load of phthalic anhydride increased this week, and the operating rate of phthalic anhydride enterprises increased. The supply of phthalic anhydride was sufficient, and the downstream plasticizer market fluctuated and consolidated. The equipment operating load of plasticizer enterprises remained high and consolidated, and the demand support for phthalic anhydride was limited. Due to limited demand support, the price of phthalic anhydride rebounded and rose this week.
Rising cost of phthalic anhydride
On September 15th, Sinopec’s ortho benzene quotation was 6400 yuan/ton, an increase of 1.59% compared to the ortho benzene quotation of 6300 yuan/ton on September 1st. The price of industrial naphthalene has fluctuated and risen, the price of ortho benzene has risen, and the cost of phthalic anhydride has increased. This week, the operating load of phthalic anhydride equipment has increased, the operating rate of phthalic anhydride enterprises has improved, and the supply of phthalic anhydride is sufficient.
Demand side: Downstream production increases, DOP prices stop falling and rebound
According to the Commodity Market Analysis System of Shengyi Society, as of September 15th, the DOP price was 7509.16 yuan/ton, a fluctuating increase of 0.56% compared to the DOP price of 7467.50 yuan/ton on September 10th. DOP prices have stopped falling and rebounded, DOP companies’ operating load has stabilized, demand for phthalic anhydride is temporarily stable, and support for phthalic anhydride price increases still exists.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, plasticizer companies are stabilizing their production, plasticizer output is stable, and phthalic anhydride demand support still exists. In terms of cost, the price of ortho benzene has risen, the price of industrial naphthalene has fluctuated, and the cost of phthalic anhydride has increased. In the future, the cost of phthalic anhydride will increase, and it is expected that the price of phthalic anhydride will rebound and rise.