China’s domestic phthalic anhydride market continued to rise on September 10

On September 10, the phthalic anhydride commodity index was 66.42, up 1.09 points from yesterday, down 44.71% from the cyclical peak of 120.13 points (2012-02-28), and up 37.17% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

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Recently, the domestic market price trend of phthalic anhydride continues to rise. The market price of phthalic anhydride in eastern China is rising. The downstream factories are just in need of purchasing. Inventory of factories is still under pressure and high-end transactions are blocked. However, the orders on the market are higher than before, and the market price of phthalic anhydride keeps rising. In East China, the mainstream of neighbouring-law supply negotiations is 7000-7200 yuan/ton, naphthalene-law supply negotiations is 6500-6700 yuan/ton; in North China, the mainstream quotation of phthalic anhydride market is 6700-7000 yuan/ton, the market price keeps rising, some manufacturers increase the ex-factory price, downstream start-up is not high, on-demand procurement is the main, wait-and-see mentality is strong, domestic phthalic anhydride. The plant operates stably, the spot supply of phthalic anhydride is normal, and the price trend of phthalic anhydride keeps rising.
Recently, the price of domestic phthalic anhydride upstream product Sinopec has increased by 200 yuan/ton to 6500 yuan/ton. Due to the overhaul of domestic phthalic anhydride factories, on-site supply shortage, the price of phthalic anhydride has risen, the market of imported phthalic anhydride has risen in the port area, the recent market of phthalic anhydride in the port is better, the stock of the port has dropped substantially, Up, the actual transaction price is based on negotiation. Recently, domestic overhaul facilities for phthalic anhydride have increased. The supply of phthalic anhydride in the field is very tight. Supported by the price of phthalic anhydride, the market price of phthalic anhydride continues to rise. DOP prices in the downstream rose, isooctanol prices rose, and DOP costs rose. DOP prices rose, DOP downstream demand shocked and declined, customer purchasing enthusiasm was general, downstream PVC market slightly lower, DOP market mainstream transaction price 7800-7900 yuan/ton, downstream prices have risen, the market price of phthalic anhydride is expected to maintain a higher trend in the later period.

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