Tight supply of goods, phthalic anhydride price rises sharply

According to the monitoring of business agency, the domestic market price of phthalic anhydride rose sharply in October. As of the 29th day, the quoted price of phthalic anhydride was 6300 yuan / ton, which was 16.67% higher than 5400 yuan / ton on the first day, with a year-on-year decrease of 3.08%. The spot supply was tight, and the market price of phthalic anhydride rose sharply.

 

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In the last ten days of October, phthalic anhydride increased by a large margin, and the delivery of phthalic anhydride market improved. In the near future, the downstream demand was normal, the price of o-benzene fluctuated at a low level, and the market of plasticizer did not improve. However, the spot supply of phthalic anhydride was tight, and the price trend of phthalic anhydride rose sharply. Domestic phthalic anhydride manufacturers started operation at a low level, and the operating rate of phthalic anhydride was less than 60%. Domestic spot supply of phthalic anhydride was tight, and the dealers were not willing to ship at low prices. The price of phthalic anhydride rose sharply. However, the downstream plasticizer industry had a strong wait-and-see mood, and the actual transaction was not significantly favorable. The price of phthalic anhydride increased too much and the price was slightly inflated. The market price of phthalic anhydride in East China rose sharply, and the high-end transactions were limited. In East China, the main source negotiation of neighboring France was 6300-6500 yuan / ton, and that of naphthalene process was 6000-6100 yuan / ton; the mainstream quotation of phthalic anhydride market in North China was 6300-6400 yuan / ton, and the observation state of phthalic anhydride field was still in existence, the downstream procurement did not increase significantly, and the driving force of continued rising in the later period was insufficient.

 

In October, the domestic o-benzene price remained low, and the floor price remained at 4400 yuan / T. the low domestic o-benzene price was a negative influence on the phthalic anhydride market. In addition, the import o-benzene market in the port area remained at a low level, and the external quotation of o-benzene did not change much. The actual transaction price was subject to negotiation. The detailed list was discussed. In addition, the on-site o-benzene merchants were in a strong wait-and-see mood, and the o-benzene price was low The low price of raw material o-benzene is unfavorable to the domestic market price of phthalic anhydride.

 

At the beginning of October, the DOP market price in the downstream of phthalic anhydride rose slightly. According to the monitoring of the business agency, the domestic DOP price was 7433.33 yuan / ton as of the 29th day, which was 2.53% higher than the price of 7250 yuan / ton at the beginning of the month. The price of isooctyl alcohol in the field was mainly fluctuating. The operation of DOP device was stable, and the spot supply was sufficient. The DOP market price rose slightly. The market of plasticizer industry rose slightly. DOP market quotation was 7450-7750 yuan / ton. The transaction of plasticizer in the market was general, and the downstream market had an upward trend. The domestic phthalic anhydride price rose sharply due to the shortage of supply.

 

Generally speaking, the crude oil price has declined in recent years, but winter is the peak sales season of plasticizer industry, and the market may rise in the later stage. The phthalic anhydride market is supported by favorable conditions, and the price continues to rise.

 

In the future, the domestic o-benzene price trend is mainly volatile, but the transaction price of plasticizer has increased, and the price of plasticizer has a strong driving force. It is expected that the market price of phthalic anhydride will rise slightly in November.

EDTA