Price trend of phthalic anhydride market in China declines (2.3-2.7)

According to statistics, the market price of phthalic anhydride in this week declined. As of the end of the week, the domestic price of phthalic anhydride by ortho phthalic method was 5962.5 yuan / ton, down 3.25% from 6162.5 yuan / ton at the beginning of the week, down 15.63% year on year.

This week, the domestic market price of phthalic anhydride fell, the market price of phthalic anhydride in East China fell, the downstream factories maintained rigid purchase, the factory inventory pressure increased, the high-end transaction was blocked, the transportation during the epidemic was more difficult, the domestic phthalic anhydride manufacturers’ delivery situation was not ideal, and the market price trend of phthalic anhydride declined. In East China, the main flow of negotiation for neighboring method and naphthalene method is 5700-6000 yuan / ton and 5600-5800 yuan / ton respectively; in North China, the main quotation for phthalic anhydride market is 5900-6200 yuan / ton, most of the manufacturers’ prices in the site are mainly reduced, the downstream construction is not high, the procurement is mainly on demand, the wait-and-see state is relatively strong, the operation of domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride in the site is normal, and some enterprises are under the situation The market price of phthalic anhydride keeps falling.

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec has dropped by 500 yuan / ton to 5800 yuan / ton. The import price of phthalic acid in port area has declined and the quotation has declined. In the near future, the price of phthalic acid in port area has decreased, the port inventory has increased, and the quotation of phthalic acid external market has declined. The actual transaction price is subject to negotiation and detailed discussion. Affected by the sharp decline of upstream raw material price of phthalic acid, the market price of phthalic anhydride has fallen.

This week, the downstream DOP price fell slightly, the price of isooctanol fell in shock, the cost of DOP raw materials fell in shock, the start-up of DOP enterprises was basically normal, the start-up rate fell, during the anti epidemic period, logistics was limited, transportation was difficult, DOP supply was normal, DOP manufacturers’ inventory was high. The price of DOP fell, the purchasing enthusiasm of customers was poor, the price of downstream PVC fluctuated and remained stable, and the equipment of PVC enterprises started at a low level. The main quotation in DOP market is about 7100-7500 yuan / ton, and the downstream price trend is declining. In addition, the upstream ox price has fallen. It is expected that the market price of phthalic anhydride will remain depressed in the later stage, with the price around 5900 yuan / ton.