This week, the phthalic anhydride market is weak and stabilizing

According to the Commodity Market Analysis System of Shengyi Society, as of September 22, the quoted price of phthalic anhydride was 6293.33 yuan/ton, a slight decrease of 0.11% from the price of 6300 yuan/ton on September 15. The price of ortho benzene is temporarily stable, the price of industrial naphthalene is fluctuating and stabilizing, and the cost support of phthalic anhydride still exists. This week, the load of phthalic anhydride equipment has fallen, the operating rate of phthalic anhydride enterprises has decreased, the supply of phthalic anhydride has decreased, and the downstream plasticizer market is fluctuating and consolidating. The operating load of equipment for plasticizer enterprises has slightly fallen, and the demand support for phthalic anhydride is limited. Due to limited demand support, the price of phthalic anhydride has been weak and stabilizing this week.
The cost of phthalic anhydride is temporarily stable
On September 22nd, Sinopec quoted 6400 yuan/ton for ortho benzene, which remained stable compared to last week. The price of industrial naphthalene is fluctuating and stabilizing, the price of ortho benzene is stabilizing, and the cost of phthalic anhydride is stabilizing. This week, the operating load of phthalic anhydride equipment has slightly decreased, the operating rate of phthalic anhydride enterprises has decreased, and the supply of phthalic anhydride has decreased.
Demand side: Downstream production starts at high levels, consolidation of DOP prices, fluctuation and decline
According to the Commodity Market Analysis System of Shengyi Society, as of September 22, the DOP price was 7450.84 yuan/ton, a fluctuating decrease of 0.78% compared to the DOP price of 7509.16 yuan/ton on September 15. DOP prices have fluctuated and fallen, while DOP companies have seen high levels of consolidation in their operating loads. Demand for phthalic anhydride has temporarily stabilized, with limited support for its upward trend.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, plasticizer companies are consolidating at a high level of production, increasing plasticizer output, and the support for phthalic anhydride demand still exists. In terms of cost, the price of ortho benzene is temporarily stable, the price of industrial naphthalene is fluctuating and stabilizing, and the cost of phthalic anhydride is stabilizing. In the future, the cost of phthalic anhydride is stabilizing, and it is expected that the price of phthalic anhydride will consolidate at the bottom.