China’s domestic phthalic anhydride market price trend temporarily stabilized on July 15

On July 14, the phthalic anhydride commodity index was 58.39, unchanged from yesterday, down 51.39% from the peak of 120.13 points in the cycle (2012-02-28), and up 20.59% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price of phthalic anhydride has risen slightly. The market price of phthalic anhydride in eastern China has rebounded. The downstream factories are still in need of purchasing. Inventory of factories is still under pressure. High-end transactions are blocked. The mainstream of on-site neighbourhood source negotiation is 5900-6200 yuan/ton, and the mainstream of naphthalene source negotiation is 5400-5500 yuan/ton. Mainstream quotation is 5900-6000 yuan/ton, market price rises slightly, quotations of enterprises are slightly higher, downstream construction is not high, on-demand procurement is the main, wait-and-see mentality is strong, domestic phthalic anhydride plant operation is stable, phthalic anhydride spot supply is normal, phthalic anhydride price trend is rising.

Recently, the domestic price of phthalic anhydride upstream product Sinopec o-phthalic acid is 5900 yuan/ton. The import price of o-phthalic anhydride in the port area has risen, and the quotation has risen. Recently, the market of o-phthalic anhydride in the port is general, and the port stock is low. Upstream raw materials mixed xylene price shocks, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation is higher, import phthalic cost shocks, the actual transaction price is detailed, upstream price trend shocks, phthalic anhydride market price rise is limited. Downstream DOP raw material phthalic anhydride price rises, isooctanol price rises, DOP cost rises. DOP price shocks are higher, DOP downstream demand is general, customer purchasing enthusiasm is general, downstream PVC market shocks are stable, DOP market mainstream transaction price is about 7650 yuan/ton, DOP downward pressure is weakened, there is a certain upward momentum, the market price of phthalic anhydride is expected to rise slightly later.