Last week, the phthalic anhydride market rebounded and rose 

According to the Commodity Market Analysis System of SunSirs, as of June 13th, the price of OX method phthalic anhydride was 6,916.67 RMB/ton, which rebounded and increased by 0.97% compared to the price of phthalic anhydride at 6,850 RMB/ton on June 6th; The price of phthalic anhydride fluctuated and fell by 0.48% from 6,950 RMB/ton on June 1st. This week, the price of phthalic anhydride remained stable, while the price of industrial naphthalene fluctuated and rose. The cost support for phthalic anhydride increased, and the operating rate of phthalic anhydride enterprises decreased to 6.50%. The supply of phthalic anhydride decreased, and the downstream plasticizer market rose. The demand support for phthalic anhydride still existed. Supply reduction and demand support led to a rebound in phthalic anhydride prices.

The cost of phthalic anhydride increased, and the supply decreased

Last week, the price of OX was temporarily stable. Sinopec's OX quotation was 6,900 RMB/ton, and the price was temporarily stable. Industrial naphthalene prices fluctuated and rose, while phthalic anhydride costs had increased. Last week, there was an increase in maintenance of phthalic anhydride equipment, resulting in a decrease in the operating rate of enterprises. The operating rate of the domestic phthalic anhydride industry dropped to around 6.5%, and the expected supply of phthalic anhydride decreased. Due to rising costs and reduced supply, the price of phthalic anhydride increased last week.

Demand side: The DOP market stopped falling and rebounded

According to the Commodity Market Analysis System of SunSirs, as of June 13th, the DOP price was 8,250.83 RMB/ton, which rebounded and increased by 0.10% compared to the June 11th DOP price of 8,242.50 RMB/ton; Compared to the DOP price of 8267.50 RMB/ton on June 6th, it first fell and then rose, with a decrease of 0.20%. Last week, DOP prices rebounded and rose, plasticizer companies maintained stable operating loads, demand for phthalic anhydride rebounded, and phthalic anhydride price support increased.

Market outlook

According to the phthalic anhydride products data analyst of SunSirs, in terms of cost, the price of raw material OX was temporarily stable, while the price of industrial naphthalene was rising, resulting in an increase in phthalic anhydride costs; In terms of demand, the plasticizer market was rising, and the demand for phthalic anhydride was supported by increased demand; On the supply side, the production of phthalic anhydride enterprises had decreased, and the expected supply of phthalic anhydride had decreased. Overall, the decrease in supply and the rebound in demand supported by costs led to a rebound in phthalic anhydride prices.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.