China’s domestic phthalic anhydride market declined on July 25

On July 24, the phthalic anhydride commodity index was 56.93, unchanged from yesterday, down 52.61% from the cyclical peak of 120.13 points (2012-02-28), and up 17.58% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

In recent years, the domestic market price of phthalic anhydride has slightly declined, the market price of phthalic anhydride in East China has shocked, downstream factories are still in need of purchasing, factory inventory is still under pressure, high-end transactions are blocked, the mainstream of on-site neighbouring source negotiation is 5700-5800 yuan/ton, and the mainstream of naphthalene source negotiation is 5200-5400 yuan/ton. Mainstream quotation is 5 650-5 800 yuan/ton, market price keeps oscillating, quotations of enterprises are slightly lower, downstream start-up 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 prices are declining.

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 slightly declines. Downstream DOP raw material phthalic anhydride prices fell, isooctanol prices fell, DOP costs fell. DOP price trend is declining, DOP downstream demand is general, customer purchasing enthusiasm is general, downstream PVC market volatility is low, DOP market mainstream transaction price is about 7300 yuan/ton, downstream prices are constantly falling, the market price of phthalic anhydride is expected to decline slightly later.