According to the Commodity Market Analysis System of the Business Society, the domestic market price of ortho phthalic anhydride continued to decline this week. As of the weekend, the quotation for ortho phthalic anhydride was 7712.5 yuan/ton, a decrease of 3.74% from the beginning of the week price of 8012.5 yuan/ton, and a year-on-year decrease of 18.28%.

Supply side: Stable operation of the device and sufficient supply of goods

The operation of domestic phthalic anhydride plants is stable. Currently, the operating rate of phthalic anhydride in China remains at over 60%, and the supply of phthalic anhydride goods is relatively sufficient. In addition, the production of naphthalene phthalic anhydride goods is normal, and the price of naphthalene phthalic anhydride has dropped, which has correspondingly impacted the neighboring phthalic anhydride market. Recently, downstream procurement has been inactive, and some phthalic anhydride factories have continuously lowered their factory prices, resulting in a continuous decline in the phthalic anhydride market.

Cost side: The trend of neighboring benzene is declining, and cost support is insufficient

This week, the domestic price trend of ortho benzene has been continuously declining. As of the end of the month, the price of ortho benzene was 8000 yuan/ton, a decrease of 2.44% compared to the beginning of the week’s price of 8200 yuan/ton. The ortho benzene supply is normal, and the operation of on-site devices is stable. This week, the crude oil price trend has declined, and the mixed xylene price has correspondingly decreased, leading to a decrease in raw material prices. As a result, the domestic price trend of ortho benzene has fallen, and the decline in ortho benzene market has brought a negative impact on the phthalic anhydride market, The market price trend of phthalic anhydride has declined.

Demand side: DOP market mainly focuses on on-demand procurement

The downstream DOP market prices have continued to decline, with prices as of the weekend at 11191.67 yuan/ton, a decrease of 1.25% compared to the beginning of the week at 11333.33 yuan/ton. Domestic DOP enterprises have maintained their operations, and domestic DOP supply is normal. However, plasticizer enterprises have lost profits, plasticizer manufacturers have started with low loads, and plasticizer supply is still tight. Downstream demand is weak, and the mainstream price of DOP has dropped to 11100-11200 yuan/ton. The plasticizer market is not good, which is unfavorable for the phthalic anhydride market, The market price of phthalic anhydride continues to decline.

Looking at the future market, it is expected that the crude oil price range has fluctuated recently, and the price trend of ortho xylene has declined. In addition, the downstream plasticizer market is not good, and the purchasing enthusiasm of the plasticizer industry is not high. As a result, it is expected that the market price of ortho phthalic anhydride will decrease slightly.