This week, the phthalic anhydride market fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of February 5th, the price of phthalic anhydride in neighboring countries was 6193.33 yuan/ton, which fluctuated and fell by 1.43% compared to the price of phthalic anhydride of 6283.33 yuan/ton on January 21st. Starting from late January, the price of phthalic anhydride fluctuated and fell. The price of raw material ortho benzene is temporarily stable, the price of industrial naphthalene is fluctuating and falling, the cost is decreasing, the operating rate of phthalic anhydride enterprises has dropped to about 60%, and the supply of phthalic anhydride is tight; The price of phthalic anhydride fluctuated and fell.
The cost of phthalic anhydride has decreased, and the supply has tightened
On February 5th, Sinopec quoted 6400 yuan/ton for ortho benzene, which stabilized compared to the 6400 yuan/ton price on January 21st. In February, the price of industrial naphthalene in East China was 4200-4400 yuan/ton, a decrease from the quoted price of 4350-4700 yuan/ton in late January, and the cost of phthalic anhydride decreased. In February, the operating load of phthalic anhydride equipment decreased to 61%, resulting in a decrease in production and a tightening of phthalic anhydride supply.
Demand side: DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of February 5th, the DOP price was 7925.84 yuan/ton, a fluctuating decrease of 1.25% compared to the DOP price of 8025.84 yuan/ton on February 2nd. The operating load of plasticizer DOP enterprises remains stable at around 65%, DOP production remains stable, and the demand for phthalic anhydride still exists.
Future forecast
According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene has stabilized, the price of industrial naphthalene has dropped significantly, the price of raw materials has decreased, and the cost of phthalic anhydride has decreased. On the supply side, the production of phthalic anhydride enterprises has decreased, the output of phthalic anhydride has decreased, and the supply of phthalic anhydride has tightened. In the future, the cost of phthalic anhydride will decrease, coupled with tight supply and stable demand, and it is expected that the price of phthalic anhydride will fluctuate and stabilize.
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