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SunSirs: The Market Trend of Phthalic Anhydride Tends to Be Stable While Enterprises Return to Work Orderly

February 21 2020 09:28:04     SunSirs (John)

According to statistics, the domestic phthalic anhydride price trend is temporarily stable. As of February 20, the price of phthalic anhydride was 5,750 RMB/ton. Recently, the domestic phthalic anhydride price has stopped falling and stabilized. The plasticizer industry demand has improved, and the market price trend of phthalic anhydride is stable temporarily.

Recently, the domestic phthalic anhydride market price trend is temporarily stable. Due to the epidemic situation, chemical products transportation is limited. Some phthalic anhydride manufacturers are still in stock, but as downstream companies gradually resume work, phthalic anhydride manufacturers' shipments have picked up, and the price of phthalic anhydride has stabilized. The price of phthalic anhydride in East China has temporarily stabilized. The downstream factories have resumed orderly. The pressure on factory inventory has declined, but high-end transactions have been blocked, and the price of phthalic anhydride has been volatile.

In East China, the main flow of negotiation of neighboring method source is 5,500-6,000 RMB/ton, and that of naphthalene method source is 5,400-5,700 RMB/ton; in North China, the main quotation of phthalic anhydride market is 5,400-5,800 RMB/ton, the price trend of most manufacturers in the field is stable temporarily, and the downstream construction is improved, but the main purchase is on demand, with a strong wait-and-see mentality. The domestic phthalic anhydride plant is under normal operation, and the spot supply of phthalic anhydride in the field is normal, Phthalic anhydride market is mainly stable.

On February 20, the execution price of o-xylene of Sinopec in East China was 5800 RMB/ton. The market of o-xylene imported from the port area fell, and the external quotation of o-xylene fell. The actual transaction price was subject to negotiation, with detailed discussion. Influenced by the stable trend of o-xylene price, the market price of phthalic anhydride was temporarily stable.

In the downstream, the price of DOP raw material isooctanol decreased, the cost of DOP raw material decreased, DOP enterprises operated at low load, during the anti epidemic period, logistics was limited, transportation was difficult, and DOP manufacturers' inventory increased. The price of DOP fell, the purchasing enthusiasm of customers was poor, the price of downstream PVC fell, and the equipment of PVC enterprises started at a low level. The main quotation in DOP market is about 7100-7500 RMB/ton, a small amount of market plasticizer is traded, the low price trend in the downstream is fluctuating, and the upstream ox price remains fluctuating. It is expected that the market price of phthalic anhydride will maintain fluctuating trend in the later period.

 

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