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SunSirs: Phthalic Anhydride Market Prices Picked up Following Crude Oil

May 21 2020 14:29:48     SunSirs (John)

According to statistics, domestic phthalic anhydride market prices have risen. As of May 20, the price of Phthalic anhydride by o-benzol process was 4,937.5 RMB/ton, a year-on-year decline of 21.42%. Recently, the price of crude oil has continued to rise, driving domestic petrochemical products higher and the market price of phthalic anhydride recovering.

Recently, the domestic phthalic anhydride market price has risen, and the phthalic anhydride market has been sold normally, but the continuous rise in crude oil prices has boosted domestic petrochemical products, and the phthalic anhydride market has recovered. 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, and downstream plasticizer industry mainly purchases on demand, with strong bullish sentiment among merchants and a slight price increase. As of the 20th, the price of phthalic anhydride market in East China was higher, and the high-end transactions in the venue were limited. The mainstream of phthalic anhydride by o-benzol process in East China was 4,900-5,200 RMB/ton, and the price of phthalic anhydride by naphthalene processe was 4,600-4,800 RMB/ton. The mainstream quoted price of phthalic anhydride in North China was 4,800-5,100 RMB/ton. The wait-and-see attitude in the phthalic anhydride market was still there. The market was normal, and the price of phthalic anhydride was picking up.

With regard to the upstream product o-xylene, Sinopec's execution price has been maintained at 4000 RMB/ton recently. The market of imported o-xylene in the port area has been kept volatile and stable. Recently, the market of o-xylene in the port area has been warmer and the external quotation of o-xylene has been higher. The actual transaction price was subject to negotiation. The actual price was discussed in detail. This week, the international crude oil price has risen, and the on-site o-xylene merchants were bullish and the price of o-xylene has been maintained stable, but there was a rising trend. Driven by the crude oil price, the market price of phthalic anhydride has recovered.

The price of downstream DOP market was slightly higher, and the price of isooctanol was significantly higher, DOP enterprises operated at low load, DOP market price was slightly higher, PVC enterprise equipment started normally, and customer procurement enthusiasm was stable.The market of plasticizer industry has recovered, DOP market quotation was 6,800-7,200 RMB/ton, market plasticizer transaction enthusiasm was increased, high-speed charges were increased, logistics and transportation costs were increased, downstream market is higher, which was good support for domestic phthalic anhydride market and phthalic anhydride market was warmer.

The price of o-xylene, the raw material, is expected to rise recently, and the parade situation will pick up. It is expected that the market price of phthalic anhydride will increase slightly in the later period, but the actual demand has not improved significantly, and this increase will not be very large.

 

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