China’s domestic phthalic anhydride market price trend is temporarily stable on August 29

On August 28, the phthalic anhydride commodity index was 57.75, up 0.33 points from yesterday, down 51.93% from the peak of 120.13 points in the cycle (2012-02-28), and up 19.27% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

In recent years, the domestic market price of phthalic anhydride has maintained strong, the market price of phthalic anhydride in eastern China has increased slightly, downstream factories have just needed to purchase, factory inventory is still under pressure, high-end transactions have been blocked, the mainstream of on-site neighbourhood source negotiations is 5800-6000 yuan/ton, and the mainstream of naphthalene source negotiations is 5400-5500 yuan/ton; the phthalic anhydride market in North China is still under pressure. Mainstream quotation ranges from 5800 to 5900 yuan/ton. Market price has risen slightly. Some manufacturers have raised their ex-factory prices. Downstream construction is not high. Purchasing on demand is the main way. The wait-and-see mentality is strong. Domestic phthalic anhydride plants are running steadily, the spot supply of phthalic anhydride is normal, and the price trend of phthalic anhydride has risen slightly.

Recently, the domestic price of phthalic anhydride upstream products is 6100 yuan/ton, the import market of phthalic anhydride in port area is rising, the quotation is temporarily stable, the recent market of phthalic anhydride in port is general, the stock of port is at a low level, the quotation of phthalic anhydride outside market is falling concussively, the actual transaction price is based on negotiation, and the upstream price trend is rising. Benefiting the domestic phthalic anhydride market, the market price of phthalic anhydride rose slightly. DOP prices in the downstream rose, isooctanol prices rose, and DOP costs rose. DOP prices rose, DOP downstream demand shocks declined, customer purchasing enthusiasm is general, downstream PVC market slightly lower, DOP market mainstream transaction price of about 7400 yuan/ton, downstream prices remain shocks, the market price of phthalic anhydride is expected to remain strong in the later period.