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SunSirs: On May 7, the Domestic Phthalic Anhydride Market Price Rebounded to Rise

May 08 2020 14:37:11     SunSirs (John)

Price trend

According to statistics, the price of phthalic anhydride rebounded and rose in China. As of May 7, the price of phthalic anhydride from o-phthalic anhydride was 4,750 RMB/ton. The price of phthalic anhydride in China rose slightly, the demand of plasticizer industry was normal, and the market of phthalic anhydride rebounded.

 

Analysis review   

Product: Recently, the domestic phthalic anhydride market price has risen slightly, the phthalic anhydride market demand is normal, and the phthalic anhydride market is general, but the rise in crude oil prices has boosted domestic petrochemical products, and the phthalic anhydride market price rebounded. Domestic phthalic anhydride manufacturers are operating normally, with an on-site phthalic anhydride operating rate of more than 60%, domestic phthalic anhydride spot supply is normal, downstream plasticizer industry purchases are general, phthalic anhydride manufacturers are generally selling goods, and phthalic anhydride market prices are rising. As of the 7th, the price of phthalic anhydride market in East China rose, but the high-end transactions in the venue were blocked. The mainstream negotiation of neighboring sources in East China was 4,800-5,100 RMB/ton, and the mainstream negotiation of naphthalene sources was 4,400-4,600 RMB/ton; The mainstream quotation of phthalic anhydride market in North China was 4,700-5,000 RMB/ton. The wait-and-see attitude of phthalic anhydride in the market was still there. The market transaction price was generally the same, and the price of phthalic anhydride increased slightly.

Industrial chain: Recently, the domestic execution price of o-xylene Sinopec upstream products of phthalic anhydride is 4,000 RMB/ton. The import of o-xylene in the port area fluctuated and remained stable, and the quotation was temporarily stable. The consultation shall prevail and the actual order shall be discussed in detail. Due to the impact of the price fluctuation of the upstream raw material o-xylene, the price increase of the phthalic anhydride market is limited.

Downstream DOP market prices are rising, isooctyl alcohol prices were picking up, DOP raw material costs were rising, DOP companies were operating at low loads, and DOP manufacturers were selling inventory. The price of DOP rose, the equipment of PVC enterprises started to work normally, and the enthusiasm of customers for purchase temporarily stabilized. The price of plasticizers has risen. The price quoted in the DOP market was about 6,500-6,700 RMB/ton. The market enthusiasm for plasticizers was average, high-speed tolls increase, and logistics and transportation costs increased.

 

Market outlook

Supported by favorable downstream prices, the market price of phthalic anhydride is expected to increase slightly in the later period.

 

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