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SunSirs: On April 16, the Price of Domestic Phthalic Anhydride Continued to Rise

April 17 2020 13:15:20     SunSirs (John)

Price trend

According to statistics, domestic phthalic anhydride prices continue to rise. As of April 16, the price of o-phthalic phthalic anhydride was 5,100 RMB/ton. Recently, the domestic phthalic anhydride prices have risen sharply, the demand in the plasticizer industry is normal, and the market price of phthalic anhydride has gradually increased.

 

Analysis review   

Product: Recently, the domestic phthalic anhydride market price has continued to rise. The market price of phthalic anhydride reached a record low in early April, but the market price of phthalic anhydride rebounded in the later period. The operation of domestic phthalic anhydride manufacturers is normal, the operating rate of phthalic anhydride in the site is more than 60%, the spot supply of domestic phthalic anhydride is normal, the procurement of downstream plasticizer industry is better than before, the delivery market of phthalic anhydride manufacturers is better, and the market price of phthalic anhydride is rising. As of the 14th, the market price of phthalic anhydride in East China rose, but the high-end transactions in the venue were blocked. The main source of negotiating methods in East China is 4,700-5,400 RMB/ton, and the main source of naphthalene is 4,300-4,600 RMB/ton. The mainstream quotation of phthalic anhydride market in North China is 4,700-5,100 RMB/ton. The wait-and-see attitude in the phthalic anhydride market is still there. The market trading conditions have improved and the price of phthalic anhydride has risen sharply.

Industrial chain: Recently, the domestic phthalic anhydride upstream product domestic o-xylene Sinopec's execution price rose to 4,200 RMB/ton. The market for imported phthalates in the port area is stable, and the quotation is temporarily stable. Recently, the market of o-xylene in the port is general, and the external price of o-xylene has dropped. The actual transaction price is subject to negotiation. The construction of o-xylene equipment is basically normal, and the supply of o-xylene is stable. Due to the rise in the price of o-xylene, the upstream raw material, the market price of phthalic anhydride continues to rise.

The price of phthalic anhydride rises, the price of isooctyl alcohol rises, the cost of DOP raw materials rises, DOP companies operate at low load, and DOP manufacturers have more inventory. The price of DOP rose, the equipment of PVC enterprises started to operate at a low level, and the enthusiasm of customers for procurement picked up. The price of plasticizers increased, and the DOP market quoted around 7100-7400 RMB/ton. The market plasticizer transactions picked up, and the upstream OX price trend rose.

 

Market outlook

It is expected that the market price of phthalic anhydride will continue to rise in the later period.

 

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