The domestic market for phthalic anhydride rose in April

According to the commodity market analysis system of Shengyishe, the domestic market price trend of ortho phthalic anhydride increased in April. As of the end of the month, the quoted price of ortho phthalic anhydride was 7720 yuan/ton, an increase of 1.75% from the beginning of the month price of 7587.5 yuan/ton, and a year-on-year decrease of 6.14%.

 

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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 April, the price of industrial naphthalene slightly increased, 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 April, the domestic price trend of ortho benzene increased. As of the end of the month, the price of ortho benzene was 8300 yuan/ton, an increase of 2.47% from the beginning of the month’s price of 8100 yuan/ton. The supply of ortho benzene was normal, and the operation of on-site facilities was stable. In the short term, the crude oil price trend increased, and the price of mixed xylene rose. The rise in ortho benzene market provided strong cost support for the phthalic anhydride market, and the price trend of the phthalic anhydride market increased.

 

On the demand side, the on-demand procurement market in the DOP market has slightly declined

 

In April, the price trend of downstream DOP market slightly declined. As of the end of the month, the price was 9787.5 yuan/ton, a 1.04% decrease from the beginning of the month’s price of 9890 yuan/ton. Domestic DOP enterprises started operating generally, and domestic DOP supply was sufficient. However, plasticizer enterprises still suffered losses in profits, and downstream demand was not good. The mainstream price of DOP was 9700-9800 yuan/ton. The downstream DOP price trend declined, and the purchase of phthalic anhydride was poor, limiting the price increase in the domestic phthalic anhydride market.

 

Looking at the future market, the recent trend of crude oil prices is mainly volatile, while the price of ortho xylene is stable. The downstream DOP market is mainly volatile and low. In addition, the price of phthalic anhydride is at a low level, and phthalic anhydride manufacturers have reported serious losses. There is a lack of positive support on the market, and it is expected that the market price of ortho xylene will be mainly volatile in the future.

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