According to the monitoring of the business association, the price of phthalic anhydride in China continued to decline. As of March 24, the price of phthalic anhydride from o-benzoic method was 4800 yuan / ton, down 15.79% from the beginning of the month, down 31.10% year on year, a new low in recent 10 years.
| Stannous Sulphate |
Since 2020, the price of domestic phthalic anhydride market has been falling continuously. The biggest negative factor is the sharp drop of crude oil price, which leads to a sharp drop in the price of downstream petrochemical products. The market price of phthalic anhydride upstream raw material phthalic acid is no exception. Since March, the price of phthalic acid has dropped 25.86%, and the phthalic anhydride market continues to decline under the influence of the sharp drop in raw material price. In addition, the operation of domestic phthalic anhydride manufacturers is normal, the operating rate of phthalic anhydride in the site is more than 60%, the domestic phthalic anhydride spot supply is sufficient, the sales peak season of the downstream plasticizer industry is over, the procurement is not active, the phthalic anhydride manufacturers are generally on the market, and the market price of phthalic anhydride is falling constantly. As of the 24th, the market price of phthalic anhydride and phthalic anhydride in East China fell sharply, the downstream factories returned to work slowly, the factory inventory pressure increased, the high-end transaction was blocked, the main flow of the negotiation of the neighboring method’s source of goods in East China was 4600-4900 yuan / ton, the main flow of the negotiation of the naphthalene method’s source of goods in East China was 4300-4600 yuan / ton; the main flow of the quotation of the phthalic anhydride market in North China was 4600-5000 yuan / ton, and the wait-and-see mentality in phthalic anhydride yard was strong, coupled with the increase of the Do not buy the mentality of the impact of market trading market weakness, phthalic anhydride prices continued to fall.
| EDTA 2Na |
In terms of the industrial chain, the market of phthalic anhydride upstream raw material o-benzene and downstream DOP has declined to varying degrees. The price trend of o-benzene and DOP monitored by the business agency is as follows:
From the above trend chart, it can be seen that the price of o-benzene and DOP has declined significantly. The price of o-benzene has declined by 25.86% since March, and the market price of downstream DOP has declined by 14.75% since March. Both the price of o-benzene and DOP have reached a new low in recent 10 years. By the end of 24 days, the execution price of domestic phthalic Sinopec had dropped to 4300 yuan / ton, and the import price of phthalic acid in port area had dropped sharply, with few transactions in the market and sharp decline in the price of phthalic acid, which undoubtedly became the biggest negative factor in phthalic anhydride market. The downstream DOP market price fell rapidly, DOP enterprises operated at low load, and the logistics and transportation gradually recovered in the near future. However, DOP manufacturers’ inventory was high, and the DOP market price fell sharply to 6000-6500 yuan / ton level. There was no good support in the upstream and downstream, and the market price of phthalic anhydride fell continuously.
On the whole, the international public health events have seriously affected the price of crude oil. The short-term benefits of crude oil are insufficient, and the price is obviously difficult to rise. The price of domestic petrochemical products is lower due to this impact. Business analysts believe that in the short term, the price of o-benzene is difficult to stop falling, and it is expected that the market price of phthalic anhydride will still slide in the short term.
| EDTA |