According to the commodity market analysis system of Shengyishe, the domestic market price trend of ortho phthalic anhydride increased in May. As of the end of the month, the quoted price of ortho phthalic anhydride was 8187.5 yuan/ton, an increase of 6.06% compared to the price of 7720 yuan/ton at the beginning of the month, and a year-on-year increase of 2.99%.

Supply side: The device operates stably and the supply of goods is normal

The operation of domestic phthalic anhydride plants is stable, with a recent operating rate of around 60%. The spot supply of phthalic anhydride is normal, and the sales situation of phthalic anhydride manufacturers is average. In May, the price of industrial naphthalene rose, and the market for naphthalene based phthalic anhydride has risen, which has affected the price of ortho phthalic anhydride.

Cost side: Rising prices of ortho benzene, strong cost support

In May, the domestic price trend of ortho benzene increased. As of the end of the month, the price of ortho benzene was 8400 yuan/ton, an increase of 1.20% from the beginning of the month’s price of 8300 yuan/ton. Due to tight supply of ortho benzene and maintenance of some equipment on site, the price trend of crude oil has risen in the short term, and the price of mixed xylene has risen. The rise of ortho benzene has provided strong cost support for the phthalic anhydride market, and the price trend of the phthalic anhydride market has risen.

On the demand side: The trend of on-demand procurement in the DOP market is increasing

In May, the downstream DOP market price trend increased, with a price of 10162.5 yuan/ton as of the end of the month, an increase of 3.83% compared to the beginning of the month’s price of 9787.5 yuan/ton. Domestic DOP enterprises are operating normally, and domestic DOP supply is normal. However, plasticizer enterprises are still operating at a loss, and downstream demand is average, The mainstream price of DOP has risen to 10100-10200 yuan/ton, and the downstream DOP price trend has increased, leading to an increase in the purchase of phthalic anhydride and an increase in the domestic phthalic anhydride market price trend.

Looking at the future market: In recent times, crude oil prices have fluctuated and risen, while ortho xylene prices have risen. Downstream DOP prices have fluctuated and risen, but the demand for plasticizers has not improved significantly. Downstream procurement enthusiasm is not high, and it is expected that the market price of ortho phthalic anhydride will mainly fluctuate in the later period.