This week, the phthalic anhydride market fluctuated and rose

According to the Commodity Market Analysis System of Shengyi Society, as of June 20th, the price of phthalic anhydride in neighboring countries was 6933.33 yuan/ton, which fluctuated and increased by 0.24% compared to the price of phthalic anhydride on June 13th, which was 6916.67 yuan/ton. This week, the price of ortho benzene remained stable, while the price of industrial naphthalene fluctuated and rose. The cost support for phthalic anhydride increased, and the operating rate of phthalic anhydride enterprises decreased to 6.50%. The supply of phthalic anhydride decreased, and the downstream plasticizer market rose. The equipment operating load of plasticizer enterprises increased slightly, and the demand support for phthalic anhydride increased. Supply has decreased and demand has rebounded, leading to an increase in phthalic anhydride prices.
Reduced supply of phthalic anhydride cost support
This week, the price of ortho benzene is temporarily stable. Sinopec’s ortho benzene quotation is 6900 yuan/ton, and the price is temporarily stable. The price of industrial naphthalene has fluctuated and risen, while the cost support of phthalic anhydride still exists. This week, the maintenance of phthalic anhydride equipment is still ongoing, and the operating rate of enterprises remains stable at a low level. The operating rate of the domestic phthalic anhydride industry has dropped to about 6.5%, and the supply of phthalic anhydride has decreased. The cost support supply has decreased, and the price increase of phthalic anhydride this week has provided significant support.
Demand side: DOP prices stop rising and fall back
According to the Commodity Market Analysis System of Shengyi Society, as of June 20th, the DOP price was 8267.50 yuan/ton, a decrease of 0.10% from the high of 8284.17 yuan/ton on June 18th; Compared to June 13th, the DOP price of 8250.83 yuan/ton first rose and then fell, with an increase of 0.20%. This week, DOP prices have fallen from a high level, and the operating load of plasticizer enterprises has increased. The production of plasticizers has also increased, and the demand for phthalic anhydride has grown, which has increased the support for the rise in phthalic anhydride prices.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, plasticizer companies have increased their production, resulting in an increase in plasticizer output and increased support for phthalic anhydride demand; In terms of supply, the production of phthalic anhydride enterprises is stabilizing at a low level, and the expected supply of phthalic anhydride is decreasing. In the future, as supply decreases and demand rebounds, the price of phthalic anhydride fluctuates and rises.