First, the trend of the market:
According to statistics, the price of phthalic anhydride declined this week. The price of phthalic anhydride this weekend was 5933.33 yuan. Tons, down 1.11% from 6000 yuan/ton at the beginning of the week and 15.69% from the same period last year. The phthalic anhydride in Shandong province is 5900-6000 yuan per ton self-lifting, the main stream of phthalic anhydride negotiation in Jiangsu province is 5900-6000 yuan per ton, and the market spot supply is normal; the naphthalene phthalic anhydride plant starts normally, and the current quotation is 5400-5500 yuan per ton.
II. Market analysis:
Products: In recent years, the price trend of domestic phthalic anhydride market has slightly declined. The opening rate of phthalic anhydride market is about 70%. The price of phthalic anhydride market in East China is volatile. The downstream factories maintain just in need of purchasing. Inventory of factories has declined. High-end transactions have been blocked. The main stream of on-site neighbourhood method is 5900-6000 yuan/ton. Naphthalene method is the mainstream. In 5400-5600 yuan/ton; in North China, the mainstream quotation of phthalic anhydride market is 5900-6000 yuan/ton, the market price is rising, the quotation of enterprises is temporarily stable, downstream construction is not high, on-demand procurement is the main, wait-and-see mentality is strong, the domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride in the field is normal, the situation of leaving the factory is general, and some manufacturers are downgraded. The price of phthalic anhydride declined slightly.
|PVA 1788 (PVA BP17)|
Industry chain: Recently, the execution price of phthalic anhydride upstream product, Sinopec o-phthalic acid, is 5900 yuan/ton. The actual market transaction price is 5900 yuan/ton. The quotation is temporarily stable and the port supply is general. The price of raw materials mixed xylene in the upstream of phthalic acid fluctuates, the turnover of phthalic acid is general, the stock of phthalic acid in the port is low, the quotation of phthalic acid is temporarily stable, the actual transaction price of imported phthalic acid is discussed in detail, the upstream price trend fluctuates, and the market price of phthalic anhydride falls. DOP prices downstream fell, this week’s price fell by 1.51%. Recently, in Zhejiang DOP market, merchants’quotations were maintained at about 7400 yuan/ton, while downstream prices were at a low level. Demand for upstream phthalic anhydride was limited, and the market price of phthalic anhydride declined.
Industry: Recent plasticizer industry trend is general, terminal downstream demand is limited, phthalic anhydride market price trend slightly declined.
|PVA 1799 (PVA BF17)|
3. Future market forecast:
Recently, the price trend of phthalic anhydride in the upstream has remained volatile, while the DOP market in the downstream has slightly declined. Phthalic anhydride analysts of business associations believe that the market price trend of phthalic anhydride may remain volatile, with prices around 5900-6000 yuan/ton.