The phthalic anhydride market has fallen this week

According to the Commodity Market Analysis System of Shengyi Society, as of September 13th, the price of phthalic anhydride produced by phthalic anhydride was 7362.50 yuan/ton, a decrease of 1.34% from the price of 7462.50 yuan/ton on September 6th. This week, the price of ortho xylene was quoted at 7400 yuan/ton, a decrease of 300 yuan/ton or 3.90% compared to last week. The cost of phthalic anhydride has decreased, and the phthalic anhydride market has declined. This week, the domestic price for ortho phthalic anhydride is 7200-7400 yuan/ton, while the domestic price for nano phthalic anhydride is 7100-7200 yuan/ton.

Supply side: tight supply of goods

Domestic phthalic anhydride plants operate at low loads, with frequent shutdowns of naphthalene phthalic anhydride equipment and low load operation of neighboring phthalic anhydride equipment. Phthalic anhydride manufacturers are experiencing a shortage of goods and queuing up for shipments, resulting in a tight supply of phthalic anhydride and increased upward pressure on its price.

The cost of raw material ortho benzene has decreased

According to the Commodity Market Analysis System of Shengyi Society, as of September 13th, the price of ortho benzene was 7400 yuan/ton, a decrease of 300 yuan/ton or 3.90% from the price of ortho benzene on September 6th, which was 7700 yuan/ton; Compared to early September, the price of ortho benzene decreased by 500 yuan/ton, or 6.33%, from 7900 yuan/ton. In September, the price of ortho phthalic anhydride fell again, and the cost of ortho phthalic anhydride decreased. There is significant downward pressure on ortho phthalic anhydride.

Demand side: DOP market trend rebounds

According to the Commodity Market Analysis System of Shengyi Society, as of September 13th, the price of plasticizer DOP was 8501.25 yuan/ton, an increase of 0.44% compared to the DOP price of 8463.75 yuan/ton on September 8th; Compared to September 1st at the beginning of the month, the DOP price dropped by 8726.25 yuan/ton, a decrease of 2.58%. DOP prices rebounded and rose this week. The prices of raw materials continue to decline, the profit margin of plasticizer equipment expands, and the gross profit of downstream DOP products increases compared to August. Driven by profits, downstream plasticizer companies are expected to increase their operating rates, leading to an increase in demand for phthalic anhydride.

Future forecast

According to the data analyst of Shengyi Society’s phthalic anhydride products, in terms of cost, the price of ortho xylene has dropped significantly, and the cost of phthalic anhydride has decreased; In terms of supply, phthalic anhydride manufacturers are operating at low loads, resulting in a tight supply of phthalic anhydride; In terms of demand, the downstream DOP market has rebounded, DOP manufacturers have increased production, and the demand for phthalic anhydride is expected to rebound. It is expected that the neighboring phthalic anhydride market will stop falling and rebound in the future.