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SunSirs: Domestic Phthalic Anhydride Market Price Rising on September 5

2019-09-06 09:54:33     SunSirs (John)

  On September 5, the phthalic anhydride commodity index was 63.10, up 1.46 points from yesterday, down 47.47% from the cyclical peak of 120.13 points (2012-02-28), and up 30.32% from the lowest point of 48.42 on January 21, 2016. (Note: Period refers to 2011-09-01 to date).

  Recently, the domestic market price trend of phthalic anhydride has risen sharply. The market price of phthalic anhydride in eastern China has risen. The downstream factories are still in need of purchasing. Inventory of factories is still under pressure and high-end transactions are blocked. However, orders on the market have risen, and the market price of phthalic anhydride has continued to rise. In East China, the mainstream of neighbouring-law supply negotiations is 6500-6600 RMB/ton, naphthalene-law supply negotiations is 6000-6100 RMB/ton; in North China, the mainstream quotation of phthalic anhydride market is 6300-6400 RMB/ton, the market price keeps rising, some manufacturers increase the ex-factory price, the downstream start-up is not high, purchasing on demand is dominant, the wait-and-see mentality is strong. The plant operates stably, the spot supply of phthalic anhydride is normal, and the price trend of phthalic anhydride is rising.

  Recently, the execution price of Sinopec O-Benzene is 6300 RMB/ton. Due to the maintenance of domestic O-Benzene factories, the supply of goods on the site is tight, the price of O-Benzene has risen, the import market of O-Benzene in the port area has not changed much, the domestic market price of O-Benzene has risen, the recent market of O-Benzene in the port is general, the stock of the port is low, the quotation of O-Benzene is stable. The transaction price is based on negotiation. Recently, domestic phthalic anhydride market prices continue to rise due to the increase of in-site maintenance facilities, the supply of phthalic anhydride in the field is very tight, supported by the price of upstream raw materials phthalic anhydride. DOP prices surge, isooctanol prices rise, DOP costs rise. DOP downstream demand shocks down, customer procurement enthusiasm is general, PVC market slightly lower, DOP market mainstream transaction price of about 7700 RMB/ton, downstream prices have risen, the market price of phthalic anhydride is expected to continue to rise in the later period.

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