China’s domestic phthalic anhydride market price slightly lower on March 12

On March 11, the phthalic anhydride commodity index was 66.83, down 0.65 points from yesterday, down 44.37% from the peak of 120.13 points in the cycle (2012-02-28), and up 38.02% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

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Recently, the domestic market price of phthalic anhydride has been slightly lower, the market of phthalic anhydride and phthalic anhydride in eastern China is weaker, downstream factories are in need of purchasing, factory inventory pressure continues, high-end transactions are blocked, the mainstream of on-site neighbouring source negotiations is 6600-6900 yuan/ton, the mainstream of naphthalene source negotiations is 6500-6600 yuan/ton; the mainstream quotation of phthalic anhydride market in northern China is 6500-6800 yuan/ton, the market is weak. The price of phthalic anhydride in China is stable, the spot supply of phthalic anhydride is normal, and the price of phthalic anhydride is declining.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6800 yuan/ton. The actual market transaction price is 7100 yuan/ton. The quotation is stable and the port is out of stock. Upstream raw materials mixed xylene price shocks maintain stability, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation rises, import phthalic cost rises, the actual transaction price talks in detail, upstream price trend is stable, phthalic anhydride market prices remain volatile. DOP price downstream shocks. Recently, in Zhejiang DOP market, merchants’quotations are maintained at 8650-8700 yuan/ton, while downstream prices are at a low level. Demand for upstream phthalic anhydride is limited, and the market price of phthalic anhydride is slightly lower. It is expected that the market price of phthalic anhydride will be around 6800 yuan/ton in the later period.

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