The phthalic anhydride commodity index was 67.15 on October 9, which was 0.49 points lower than October 8, which was 44.10% lower than the highest point in the cycle of 120.13 points (2012-02-28), which was 38.68% higher than the lowest point of 48.42 on January 21, 2016. (Note: The period refers to 2011-09-01 to date).
Recently, the domestic market price of phthalic anhydride has slightly declined, the market price of phthalic anhydride in eastern China has declined, downstream factories have just needed to purchase, the inventory pressure of factories has increased, high-end transactions have been blocked, recent inventories of factories have increased, and the market price of phthalic anhydride has declined. In East China, the mainstream of neighbouring-method supply negotiations is 6800-7100 RMB/ton, naphthalene-method supply negotiations is 6200-6500 RMB/ton; in North China, the mainstream quotation of phthalic anhydride market is 6700-6900 RMB/ton, most manufacturers lower prices, downstream’s operating rate is not high, mainly on-demand purchase, and the wait-and-see attitude is strong. The domestic phthalic anhydride plant is stable in operation, the spot supply of phthalic anhydride is sufficient, and the downstream demand of phthalic anhydride is not good. The demand for phthalic anhydride has decreased, and the price trend of phthalic anhydride has declined slightly.
In recent years, the upstream product of phthalic anhydride, o-phenyl, is implemented at the price of 6900 RMB/ton by Sinopec. Due to the restart of repair facilities of some domestic phthalic manufacturers, the supply of goods has increased, the import market of phthalic anhydride has declined, the quotation has fallen, the port stock is low, and the quotation of phthalic anhydride has fallen concussively. The actual transaction price is based on negotiation. The price of phthalic anhydride market has continued to decline due to the fall of the upstream raw material price of phthalic anhydride. DOP prices fell slightly. The price of isooctanol has fallen and DOP costs have fallen. DOP price declined, DOP downstream demand was normal, customer purchasing enthusiasm was general, downstream PVC market shocks declined, DOP high-end transactions were blocked, DOP market mainstream transaction price 7600-8000 RMB/ton, downstream price trend shocks, the market price of phthalic anhydride is expected to fall slightly later.
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