On March 25, the phthalic anhydride commodity index was 65.69, down 0.33 points from yesterday, down 45.32% from the peak of 120.13 points in the cycle (2012-02-28), up 35.67% from the low of 48.42 points on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

Recent domestic phthalic anhydride market price fluctuations, the East China phthalic anhydride market weak consolidation, downstream factories to maintain just needed procurement, factory inventory pressure continued, high-end transaction hindered, on-site neighbouring source negotiations mainstream in 6600-6800 yuan/ton, naphthalene source negotiations mainstream in 6400-6500 yuan/ton; North China phthalic anhydride market mainstream offer in 6500-6800 yuan/ton, the market weak shock. The price of phthalic anhydride in China is stable, the spot supply of phthalic anhydride is normal, the market is not good, and the price trend of phthalic anhydride remains weak.

Recently, the executive price of the upstream product of phthalic anhydride, Sinopec o-phthalic anhydride, is 6800 yuan/ton. The actual market transaction price is 7100 yuan/ton. The quotation is stable and the port is out of stock. Upstream raw materials mixed xylene price shocks maintain stability, phthalic turnover is general, port phthalic inventory is low, phthalic external quotation rises, import phthalic cost rises, the actual transaction price talks in detail, upstream price trend is stable, phthalic anhydride market prices remain volatile. DOP prices in the downstream are lower. Recently, in Zhejiang DOP market, merchants’quotations have fallen to 8100-8200 yuan/ton, and downstream prices have been declining. Demand for upstream phthalic anhydride is limited. The market price of phthalic anhydride is slightly lower. It is expected that the market price of phthalic anhydride will be around 6700 yuan/ton in the later period.