China’s domestic phthalic anhydride market continued to rise on September 3

On September 3, the phthalic anhydride commodity index was 61.64, up 1.79 points from yesterday, down 48.69% from the peak of 120.13 points in the cycle (2012-02-28), up 27.30% 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 trend of phthalic anhydride has risen sharply. The market price of phthalic anhydride in eastern China has risen. The downstream factories are still in need of purchasing. Inventory of factories is still under pressure and high-end transactions are blocked. However, orders on the market have risen, and the market price of phthalic anhydride has continued to rise. In East China, the mainstream of neighbouring-law source negotiation is 6400-6500 yuan/ton, naphthalene-law source negotiation is 5800-6000 yuan/ton; in North China, the mainstream quotation of phthalic anhydride market is 6200-6300 yuan/ton, the market price keeps rising, some manufacturers increase the ex-factory price, the downstream start-up is not high, purchasing on demand is dominant, wait-and-see mentality is strong, domestic phthalic anhydride is strong. The plant operates stably, the spot supply of phthalic anhydride is normal, and the price trend of phthalic anhydride is rising.

Recently, the price of domestic phthalic anhydride upstream product Sinopec o-phthalic acid is 6300 yuan/ton, the import market of phthalic anhydride has not changed much, the domestic market price of o-phthalic anhydride has risen, the recent market price of o-phthalic anhydride in the port is general, the port stock is low, the quotation of o-phthalic anhydride is stable, the actual transaction price is based on negotiation With the increase of plant, the supply of phthalic anhydride in the field is very tight. Supported by the price of phthalic anhydride in the upstream raw material, the market price of phthalic anhydride has risen sharply. DOP prices in the downstream rose, isooctanol prices rose, and DOP costs rose. DOP prices rose, DOP downstream demand shocked and declined, customer purchasing enthusiasm was general, downstream PVC market slightly lower, DOP market mainstream transaction price of about 7400 yuan/ton, downstream prices rose, the market price of phthalic anhydride is expected to continue to rise in the later period.