The price trend of phthalic anhydride in China’s domestic market declined on August 13

On August 13, the phthalic anhydride commodity index was 56.93, down 0.49 points from yesterday, down 52.61% from the cyclical peak of 120.13 points (2012-02-28), 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 declined, the market price of phthalic anhydride in eastern China has slightly declined, downstream factories are still in need of purchasing, factory inventory is still under pressure, high-end transactions are blocked, the mainstream of on-site neighbourhood source negotiation is 5600-5800 yuan/ton, and the mainstream of naphthalene source negotiation is 5200-5400 yuan/ton in the phthalic anhydride market in North China. Mainstream quotation is 5600-5700 yuan/ton, market price is slightly lower, quotation of enterprises slightly declines, downstream construction is not high, on-demand procurement is the main, wait-and-see mentality is strong, domestic phthalic anhydride plant is stable, phthalic anhydride spot supply is sufficient, phthalic anhydride price trend is declining.

In the near future, the domestic price of phthalic anhydride upstream product Sinopec o-phthalic acid is 6000 yuan/ton. The import market of phthalic anhydride in the port area has fallen, the quotation is stable, the recent market of phthalic anhydride in the port is general, the port stock is low, the quotation of o-phthalic anhydride outside market has fallen concussively, the actual transaction price is based on negotiation, the factual details are discussed in detail, Market prices remain low and volatile.

Downstream DOP raw material phthalic anhydride price is temporarily stable, isooctanol price is stable, DOP cost trend is stable. DOP prices remain temporarily stable, DOP downstream demand is general, customer purchasing enthusiasm is general, downstream PVC market shocks rise, DOP market mainstream transaction price is about 7350 yuan/ton, downstream price shocks, coupled with plasticizer industry in the off-season, downstream demand is not improving, phthalic anhydride market prices are expected to remain low later.