This week, the phthalic anhydride market fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of October 27th, the price of phthalic anhydride in neighboring countries was 5983.33 yuan/ton, a fluctuating decrease of 0.83% compared to the price of 6033.33 yuan/ton on October 20th. This week, the price of phthalic anhydride remained stable, while the price of industrial naphthalene remained weak and consolidated. The cost support for phthalic anhydride was insufficient. The equipment load of phthalic anhydride slightly rebounded 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 fell. The equipment operating load of plasticizer enterprises decreased, and the demand support for phthalic anhydride weakened. The cost is temporarily stable and the demand is weak. This week, the price of phthalic anhydride fluctuated and fell.
Demand side: Downstream production decreases, DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of October 27th, the DOP price was 7109.16 yuan/ton, a fluctuating decrease of 1.39% compared to the DOP price of 7209.17 yuan/ton on October 20th. This week, DOP prices fluctuated and fell, with DOP companies operating at less than 60% capacity and a slight decrease in operating rates. Demand for phthalic anhydride remained weak, and the downward pressure on phthalic anhydride increased this week.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, the load of plasticizer enterprises has slightly decreased, the production of plasticizers has stabilized, and the support for phthalic anhydride demand has decreased; In terms of cost, the price of ortho xylene is stabilizing, the price of industrial naphthalene is weakly stabilizing, and the cost of phthalic anhydride is stabilizing. In the future, the cost of phthalic anhydride is temporarily stable, and demand remains weak. It is expected that the price of phthalic anhydride will fluctuate and fall.