The phthalic anhydride market fluctuated and fell in December
According to the Commodity Market Analysis System of Shengyi Society, as of December 22, the price of phthalic anhydride in neighboring countries was 5533.33 yuan/ton, a fluctuating decrease of 3.77% compared to the price of phthalic anhydride at 5750 yuan/ton on December 1. In December, phthalic anhydride continued to decline, with prices of raw materials such as ortho benzene falling and costs decreasing. The operating rate of phthalic anhydride enterprises slowly increased, and the supply of phthalic anhydride was sufficient; The operating load of downstream DOP enterprises has slightly decreased, and the support for phthalic anhydride demand has weakened. Due to the decrease in costs and the increase in production, coupled with weakened demand support, the downward pressure on phthalic anhydride has increased, resulting in a volatile decline in phthalic anhydride prices in December.
The cost of phthalic anhydride has decreased, and the supply has increased
On December 22, Sinopec quoted 5700 yuan/ton for ortho benzene, a decrease of 100 yuan/ton or 1.72% from the price of 5800 yuan/ton at the end of November 30 last year. The price of ortho benzene has fallen, and the cost of phthalic anhydride has decreased. In December, the operating load of phthalic anhydride equipment remained stable at 70%, with high operating levels, increased phthalic anhydride production, and sufficient phthalic anhydride supply. The increase in supply coupled with the decrease in costs has increased the downward pressure on phthalic anhydride.
Demand side: DOP prices fluctuate and rise in December
According to the Commodity Market Analysis System of Shengyi Society, as of December 22, the DOP price was 7217.50 yuan/ton, a fluctuating increase of 2.24% compared to the DOP price of 7059.16 yuan/ton on December 1. In December, the operating load of plasticizer DOP enterprises slightly decreased to about 60%, resulting in a decrease in DOP production and weakened demand support for phthalic anhydride, leading to increased downward pressure on phthalic anhydride.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of demand, the load of DOP equipment in plasticizer enterprises has decreased, the production of plasticizers has decreased, and the support for phthalic anhydride demand has weakened; In terms of cost, the price of ortho xylene has decreased, the price of raw materials has decreased, and the cost of phthalic anhydride has decreased. In the future, the cost of phthalic anhydride will decrease, and the production of phthalic anhydride will increase, resulting in increased supply and weakened demand support. It is expected that the price of phthalic anhydride will weakly decline in the future.
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