This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of November 14th, the price of phthalic anhydride in neighboring countries was 5893.33 yuan/ton, a fluctuating decrease of 0.56% compared to the price of phthalic anhydride on November 7th at 5926.67 yuan/ton. Phthalic anhydride continues to decline, with prices fluctuating downwards and neighboring benzene prices fluctuating downwards. Costs have decreased, and the operating rate of phthalic anhydride enterprises has slightly increased, indicating sufficient supply of phthalic anhydride; 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.
Cost reduction of phthalic anhydride
On November 14th, Sinopec quoted 5800 yuan/ton for ortho benzene, a decrease of 300 yuan/ton or 4.92% from the 6100 yuan/ton price on November 1st; Compared to November 7th, the price of ortho benzene decreased by 100 yuan/ton, or 1.69%, from 5900 yuan/ton. The price of ortho benzene has fallen, and the cost of phthalic anhydride has decreased. The operating load of phthalic anhydride equipment has slightly increased, and the supply of phthalic anhydride is sufficient. The cost has decreased, and the pressure for phthalic anhydride to decline has increased.
Demand side: DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of November 14th, the DOP price was 6883.34 yuan/ton, a fluctuating decrease of 2.03% compared to the DOP price of 7025.83 yuan/ton on November 7th. This week, the operating load of plasticizer DOP enterprises has slightly increased, DOP production has increased, and the demand for phthalic anhydride still remains supported, reducing the downward pressure on phthalic anhydride.
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 has decreased, the price of raw materials has decreased, and the cost of phthalic anhydride has decreased. In the future, the demand support for the decrease in cost of phthalic anhydride still exists, and the price of phthalic anhydride fluctuates and falls.