First, the trend of the market:
According to statistics, the price of phthalic anhydride fell slightly this week. The price of phthalic anhydride this weekend was 5700 yuan.ton, 2.84% lower than the price of 5866.67 yuan/ton at the beginning of the week and 21.04% lower than that of the previous year. The phthalic anhydride unit in Shandong province is 5600-5700 yuan per ton self-lifting, the main stream of phthalic anhydride negotiation in Jiangsu province is 5600-5700 yuan per ton, and the market spot supply is sufficient. The naphthalene phthalic anhydride unit starts normally, and the current quotation is 5300-5400 yuan per ton.
II. Market analysis:
Products: In recent years, the price trend of domestic phthalic anhydride market has slightly declined, the market opening rate of phthalic anhydride is about 70%, the market of phthalic anhydride in East China has been declining, downstream factories have just needed to purchase, the inventory pressure of factories has been sustained, high-end transactions have been blocked, the mainstream of in-site neighbourhood source negotiation is 5600-5700 yuan/ton, and the mainstream of naphthalene source negotiation is 5200-5400 yuan/ton. The current quotation is between 5600 and 5700 yuan/ton, the market is weak and shocks are dominant. The quotations of enterprises are slightly lower, the downstream construction is not high, the procurement on demand is dominant, the wait-and-see mentality is strong, the domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride is sufficient, the stock situation is not good, and the price trend of phthalic anhydride is slightly declining.
Industry chain: Recently, the execution price of phthalic anhydride upstream product, Sinopec o-phthalic acid, is 5900 yuan/ton, and the actual market transaction price is 5900-6000 yuan/ton. The quotation is lower and the port supply is general. The price of raw materials mixed xylene in the upstream of phenyl fluctuates and falls. The turnover of phenyl is general. The stock of phenyl in the port is low. The quotation of phenyl outer plate is slightly lower. The actual transaction price of imported phenyl is discussed in detail. The upstream price trend is declining, and the market price of phthalic anhydride is lower. DOP prices downstream slightly fell, down 2.03% this week. Recently, in Zhejiang DOP market, merchants’quotations maintained at 7,100 yuan/ton, while downstream prices were at a low level. Demand for upstream phthalic anhydride was limited, and the market price of phthalic anhydride declined.
Industry: Recent plasticizer industry trend is general, terminal downstream demand is limited, phthalic anhydride market price trend is falling.
3. Future market forecast:
Recently, the price of phthalic anhydride in the upstream has declined, and the DOP market in the downstream has not improved. Business analysts believe that the market price trend of phthalic anhydride may be slightly lower, with a price of about 5600 yuan per ton.