According to the Commodity Market Analysis System of the Business Society, the domestic market price of ortho phthalic anhydride continued to decline this week. As of the weekend, the quotation for ortho phthalic anhydride was 7487.5 yuan/ton, a decrease of 0.50% from the price of 7525 yuan/ton at the beginning of the week, and a year-on-year decrease of 18.17%.

Supply side: Stable operation of the device and sufficient supply of goods

The operation of domestic phthalic anhydride units is stable,  the operating rate of domestic phthalic anhydride is maintaining over 60%, and the supply of phthalic anhydride is relatively sufficient. In addition, the production of naphthalene phthalic anhydride is normal, and the price of naphthalene phthalic anhydride has fallen, which has correspondingly impacted the ortho phthalic anhydride market. Recently, downstream procurement has not been active, Some manufacturers of phthalic anhydride have lowered their factory prices, resulting in a sluggish market for phthalic anhydride.

Cost side: Lower prices of ortho benzene, insufficient cost support

This week, the domestic price trend of ortho benzene has declined. As of the end of the month, the price of ortho benzene was 7800 yuan/ton, a 2.50% decrease from the beginning of the week’s price of 8000 yuan/ton. The supply of ortho benzene is normal, the operation of on-site devices is stable, and the crude oil price trend has significantly decreased this week. The mixed xylene price has correspondingly decreased, and the raw material price has decreased. As a result, the domestic price trend of ortho benzene has declined, and the low ortho benzene market has brought a negative impact on the phthalic anhydride market, The market price trend of phthalic anhydride has declined.

Demand side: DOP market mainly focuses on on-demand procurement

The downstream DOP market price has slightly decreased, with a price of 11259.17 yuan/ton as of the weekend, a decrease of 0.87% compared to the beginning of the week price of 11358.33 yuan/ton. Domestic DOP enterprises have maintained their operations, and domestic DOP supply is normal. However, plasticizer enterprises have poor profits, plasticizer manufacturers have low operating loads, plasticizer supply is still tight, and downstream demand is weak. The mainstream price of DOP is between 11200 yuan/ton and 11300 yuan/ton, and plasticizer manufacturers are not actively purchasing, Affected by this, the market price of phthalic anhydride slightly declined.

Looking at the future market, it is expected that the crude oil price trend has declined recently, and the price of ortho xylene is weak. In addition, the downstream plasticizer market is not good, and the purchasing enthusiasm of the plasticizer industry is not high. As a result, it is expected that the market price of ortho phthalic anhydride will slightly decrease.