First, the trend of the market:
According to statistics, the domestic market price of phthalic anhydride dropped slightly. By the end of the weekend, the domestic market price of phthalic anhydride was 6850 yuan/ton, which was 2.14% lower than the initial price of 7000 yuan/ton, and 12.18% lower than the same period last year. About 6700-6900 yuan/ton of ortho-phthalic anhydride in Shandong and 6800-7100 yuan/ton of phthalic anhydride in Jiangsu are the mainstream of phthalic anhydride negotiations. There is sufficient spot supply in the market. The manufacturers reflect that the recent situation of goods is not good, and the price of phthalic anhydride has fallen slightly.
II. Market analysis:
Products: Recently, the domestic market price of phthalic anhydride has fallen down, the onset rate of phthalic anhydride is more than 60%, the spot supply is normal, some manufacturers reflect that the situation of recent goods is not good, the inventory of manufacturers has increased compared with the earlier period, and the market price of phthalic anhydride has slightly fallen. In the near future, the price of the upstream raw material phthalic acid market is mainly fluctuating, the price of the port phthalic acid is not changing much, and there are still devices in the phthalic acid plant for maintenance, but the spot delivery of phthalic acid in the bank is less than that in the first ten days of September, and the affected price in the phthalic anhydride market drops slightly; the downstream plant still maintains the rigid purchase, and the main flow of the on-site phthalic acid source negotiation is 6700-6900 yuan / ton, and the main flow of naphthalene source negotiation is 6200 yuan / ton.- 6300 yuan/ton; the mainstream quotation of phthalic anhydride market in North China is 6700-6900 yuan/ton, the market price is slightly lower, some enterprises in North China are declining, downstream start-up is general, on-demand procurement is the main, wait-and-see mentality is strong, domestic phthalic anhydride goods are generally on the move, manufacturers’inventory has increased, high-end transaction is blocked, phthalic anhydride prices are lower.
Upstream: the execution price of domestic ortho benzene Sinopec for upstream products is 6900 yuan / ton. As the domestic ortho benzene manufacturers are still under maintenance, the supply of goods within the site is not high, and the price of ortho benzene remains high. However, the price of imported ortho benzene in the port area has declined and the price has declined. Recently, the price of ortho benzene in the port has declined, and the port inventory is low, and the price of external ortho benzene quotation has fallen. The actual transaction price is subject to negotiation. However, the downstream demand is not good and the market price of phthalic anhydride is falling.
Downstream: DOP market prices fell, isooctanol prices temporarily stabilized, DOP raw material costs fell. The price of DOP fell, the downstream of DOP was adjusted by shocks, the customer’s purchasing enthusiasm was stable, the downstream PVC market was adjusted by shocks, the high-end transaction of DOP was blocked, the mainstream transaction price of DOP market was 7700-8000 yuan / ton, the downstream price of terminal was lower, the demand was bad for domestic phthalic anhydride market, and the price of phthalic anhydride market was slightly lower.
3. Future market forecast:
At present, the price trend of phthalic anhydride in the upstream is stable, the terminal demand is reduced, and the decline of DOP price is slowed down. Phthalic anhydride analysts of business associations believe that the market price of phthalic anhydride will remain mainly volatile, with a price of about 6850 yuan/ton.