According to data of SunSirs, the market price of Phthalic Anhydride (PA) continued to fall this week (11.1-11.8). The price of domestic PA made by adjacent process in the weekend was RMB 6,325 yuan/ton, deceasing by 1.36% from the beginning of the week at RMB 6412.5 yuan/ton. And compared with last year, it deceased by 19.81%. The bull news was insufficient, and the price of PA continued to decline.

The domestic PA market price continued to fall in this week (11.4-11.8). The market price of PA in East China was weak. The downstream factories procure based on exact need. The pressure of factory inventory increased. The high-end transactions were blocked. Manufacturers handle more inventories. The market price of PA kept at a low level. The mainstream price of adjacent process PA in East China is RMB 6300-6600 yuan/ton. The mainstream of naphthalene PA supply is RMB 5800-6000 yuan/ton; the mainstream price of PA market in North China is RMB 6100-6300 yuan/ton. Most of manufacturers were increasing their price. The operating rate of downstream was fairly low. And downstream factories maintain on-demand procurement and have a strong wait-and-see attitude. Domestic PA plant runs stably and the supply of PA is sufficient, associated with the poor downstream demand. Overall, the demand for PA has decreased, and the price trend of PA has continued to decline.

In terms of upstream players, China National Petroleum and Gas Corporation (Sinopec Group) execute upstream product price of PA—O-benzene was RMB 6,200 yuan/ton. Some of domestic benzene factories restarted their equipment. The supply increased. The market atmosphere of importing benzene became light, with dropping quotation. The market atmosphere for ports benzene went light as well. The port stocks were low. The price of phthalate external disk fluctuated and fell. The actual transaction price was subject to negotiation with the actual price discussed in detail. Due to the falling price of raw material, which is O-benzene, the market price trend of PA continued to decline.

In terms of downstream, DOP prices have fallen slightly. Isooctanol prices have fallen. The cost of DOP has fallen. DOP price fluctuates. The demand of DOP downstream is fair. Customer procurement enthusiasm is generally fair. The price of downstream PVC shakes down. DOP mainstream transaction price fell slightly to RMB 7400-7700 yuan/ton. This is limit push to increase DOP price. It is likely for DOP price to decline. Plus, upstream OX price is dropping. Under the circumstance of dropping cost, it is expected that the market price of PA will maintain a slight decline in the later period.

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