China’s domestic phthalic anhydride market price slightly declined on September 26

On September 26, the phthalic anhydride commodity index was 69.95, down 0.12 points from yesterday, down 41.77% from the cyclical peak of 120.13 points (2012-02-28), and up 44.47% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recently, the domestic market price of phthalic anhydride has slightly declined. The market price of phthalic anhydride in eastern China has temporarily stabilized. The downstream factories are still in need of purchasing. Inventory of factories is still under pressure. High-end transactions are blocked. Recently, the inventories of factories have increased, and the market price of phthalic anhydride has temporarily stabilized. In East China, the mainstream of neighbouring French source negotiation is 7200-7400 yuan/ton, naphthalene method is 6800-6900 yuan/ton; in North China, the mainstream price of phthalic anhydride market is 7100-7200 yuan/ton, the price trend of most factories is stable, some factories have lowered their prices, the downstream start-up is not high, purchasing on demand is dominant, and wait-and-see mentality is mainstream. Concentrated, domestic phthalic anhydride plant operation is stable, phthalic anhydride spot supply is sufficient, phthalic anhydride price trend slightly declined.

In recent years, the execution price of domestic phthalic anhydride upstream product Sinopec o-phthalic anhydride is 6700 yuan/ton. Due to the overhaul of domestic phthalic anhydride manufacturers, the supply of goods on site is tight, the price of o-phthalic anhydride remains high, the import market of o-phthalic anhydride in port area is stable, the recent market of o-phthalic anhydride in port is good, the stock of Negotiations are based on the recent increase in in in-site maintenance facilities for phthalic anhydride in China. The supply of in-site phthalic anhydride is very tight. Supported by the price of upstream raw material phthalic anhydride, the price trend of phthalic anhydride market is limited. Downstream DOP prices remained volatile, isooctanol prices remained stable, and DOP costs did not change much. DOP price is stable, DOP downstream demand is normal, customer purchasing enthusiasm is general, downstream PVC market volatility declines, DOP high-end transaction is blocked, DOP market mainstream transaction price 8050-8200 yuan/ton, downstream price trend is volatile, the market price of phthalic anhydride is expected to fall slightly later.