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SunSirs: The Price of Phthalic Anhydride Rose Slightly on December 11
December 12 2019 10:34:56SunSirs(John)

According to statistics, the domestic phthalic anhydride price trend rose slightly. As of December 11, the price of phthalic anhydride by o-benzol process was 6,325 RMB/ton, and the recent phthalic acid market price trend rose slightly. On December 10th, the phthalic anhydride commodity index was 61.44, which was the same as the previous day. It was 48.86% lower than the highest point of the cycle at 120.13 (2012-02-28) and 26.89% higher than the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to present)

 

Recently, the domestic phthalic anhydride market price has risen slightly. The price of phthalic anhydride in East China has temporarily stabilized. Downstream factories have maintained just-in-time purchases. Factory inventory pressure still exists, and high-end transactions are blocked. Recently, manufacturers' inventory has increased, and the price of phthalic anhydride has fluctuated. In East China, the main negotiation of phthalic anhydride from neighboring process is 6,200-6,400 RMB/ton, while that of naphthalene process is 6,000-6,200 RMB/ton; The main quotation of phthalic anhydride market in North China has increased to 6,100-6,300 RMB/ton. Most of the manufacturers in the field are mainly stable in price, the downstream construction is not high, the purchase is mainly on demand, the wait-and-see mentality is strong, the operation of domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride in the field is normal, and the price trend of phthalic anhydride is limited.

 

Recently, the domestic phthalic anhydride upstream product of domestic phthalate Sinopec's execution price is 6200 RMB/ton. Due to the high operating rate of some phthalate manufacturers in China, the supply of goods on the site is normal, and the market price of imported phthalate in port areas has remained low. Port inventory is low, and the prices of o-benzene are temporarily stable. The actual transaction price is subject to negotiation. The actual order is discussed in detail. Due to the stability of the upstream raw material o-benzene prices, the price of phthalic anhydride market is limited.

 

The prices of downstream DOP rose slightly, isooctanol prices fell, and DOP raw material costs remained stable. The downstream demand for DOP is poor, the customer's enthusiasm for purchasing is poor, the downstream PVC price is adjusted in a turbulent manner, and the PVC manufacturers' maintenance requirements are common. The mainstream quotation in the DOP market is around 7300-7500 RMB/ton. The DOP rising momentum in the market outlook is weakened, and the downstream price trend is normal, but the upstream OX price has remained lower, and the demand for the plasticizer industry has not changed. Phthalic anhydride analysts of SunSirs expect that the market price of phthalic anhydride will fluctuate in the later period.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

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