Demand is not improving. The phthalic anhydride market continues to decline

The domestic market price of phthalic anhydride continued to decline. As of December 5, the quotation of phthalic anhydride was 8400 yuan/ton, with a monthly decline of 10.99%. The supply of phthalic anhydride was sufficient, but the demand did not improve, and the market continued to fall


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The market of phthalic anhydride declined, and the main influencing factors are as follows:


Supply side: sufficient spot supply of phthalic anhydride


The supply of phthalic anhydride is sufficient. The domestic phthalic anhydride plants are operating stably. The domestic phthalic anhydride capacity is seriously surplus. At present, the domestic phthalic anhydride operating rate remains more than 60%. The supply of goods is poor, and the market trend continues to decline.


Cost end: the price of ortho benzene is lower, and the cost support is weakened


The price trend of domestic ortho benzene declined. As of the 5th day, the price of ortho benzene was 8200 yuan/ton, and the monthly price dropped 11.83%. The overhaul and restart of some ortho benzene units in the plant. According to the increase in the supply of ortho benzene as the reaction raw material from the manufacturer, the ortho benzene market has declined due to the decline in the mixed xylene market, and the cost support has weakened. As a result, the phthalic anhydride market has declined.


Demand side: plasticizer market downturn, poor demand


The DOP market price in the downstream of phthalic anhydride has decreased slightly. At present, the domestic DOP price is 9890 yuan/ton, and the domestic DOP enterprises start construction at a low level of about 50%. For phthalic anhydride, it is mainly purchased on demand, and the mainstream DOP price is 9800-10000 yuan/ton. The output of plastic products has decreased, the demand for plasticizers has decreased, and the plasticizer industry still has a downward trend. Poor downstream demand is the negative impact of the phthalic anhydride market, which continues to decline.


In the future, the price of o-xylene will be weak in the short term, the downstream plasticizer industry will start slowly, and the supply of phthalic anhydride will be sufficient, adding negative factors. It is expected that the market price of phthalic anhydride will decline slightly in the later period.