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SunSirs: The Price of Phthalic Anhydride Increased by More Than 10%
September 16 2022 14:34:13()

According to the monitoring of the SunSirs, the domestic market price of phthalic anhydride with o-benzene method increased significantly in September. Up to now, the price of phthalic anhydride with o-benzene method has been quoted at 9600 RNB/ton, 10.03% higher than the price of 8725 RNB/ton at the beginning of the month, 35.69% higher than the same period last year, and the market price of phthalic anhydride on the market has increased significantly.

On the one hand, due to the tight supply of phthalic anhydride in the field, the commencement of some units in the field is not stable, and the supply of goods has been limited to a certain extent. The phthalic anhydride operation rate is about 50%, the domestic spot supply of phthalic anhydride is tight, and the price of phthalic anhydride in the field is rising. The market price of phthalic anhydride in East China is 9600-9800 RNB/ton in the source negotiation with neighboring France, and the main price of naphthalene is 9400-9500 RNB/ton; The mainstream quotation of phthalic anhydride market in North China is 9500-9600 RNB/ton.

On the other hand, it is the price support of upstream and downstream products. According to the manufacturer's reaction, the supply of raw materials ortho benzene is tight in the near future, the phthalic anhydride manufacturers have difficulty in purchasing, the ortho benzene manufacturers have insufficient enthusiasm to start work, and the factory has stopped production for more maintenance. The 160000 t/a ortho benzene unit of Zhenhai Refining and Chemical Co., Ltd. began to reduce its load gradually at the end of August and is expected to be overhauled for 3 months; Fuhaichuang 240000 t/a o-benzene plant has been shut down since the end of June; The 40000 t/a phthalic acid plant of Luoyang Petrochemical stopped production. In addition, the import volume of phthalic acid is not large, and the inventory of main ports has dropped to 8000 tons. The shortage of phthalic acid supplies has led to the shortage of raw materials for phthalic anhydride manufacturers, limiting their production. In addition, the price of phthalic anhydride has risen significantly, supported by favorable factors, and the price of phthalic anhydride has risen sharply.

Finally, the downstream DOP market price has risen, the plasticizer industry has improved, and the terminal downstream market is undoubtedly a good support for the phthalic anhydride market. The phthalic anhydride market price continues to rise.

Industrial chain: The price of domestic ortho benzene is rising, and the market price is 8600 RNB/ton. The rising price of domestic ortho benzene is affected by the cost support of the phthalic anhydride market. Recently, the import of ortho benzene is almost non-existent, and the supply of port ortho benzene continues to shrink, which affects the domestic phthalic anhydride market to rise. The downstream DOP market price of phthalic anhydride is rising. At present, the domestic DOP price is 10187.5 RNB/ton, and the on-site DOP enterprises have increased their demand for phthalic anhydride. The mainstream DOP price is 10100-10300 RNB/ton. The rising upstream and downstream market is a good support for the phthalic anhydride market, and the on-site phthalic anhydride price has risen significantly.

In general, in the near future, the port's ortho xylene inventory is still in storage, domestic ortho xylene manufacturers have carried out more maintenance, and the short-term supply of ortho xylene continues to be tight. In addition, the downstream plasticizer industry has improved, and the actual demand has increased. The production of phthalic anhydride on the site is limited by raw materials, and the supply of goods is tight, which affects the market price of phthalic anhydride in the future or there is still room for improvement in many aspects.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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