The phthalic anhydride market stopped falling and stabilized in July 

According to the Commodity Market Analysis System of SunSirs, as of July 7th, the price of OX method phthalic anhydride was 6,816.67 RMB/ton, a fluctuating decrease of 0.73% compared to the price of phthalic anhydride on July 1st, which was 6,866.67 RMB/ton. In July, the price of OX stabilized, the price of industrial naphthalene fluctuated and stabilized, and the cost support of phthalic anhydride still existed. In July, phthalic anhydride equipment was repaired, and the operating rate of phthalic anhydride enterprises decreased, resulting in a reduction in phthalic anhydride supply. The downstream plasticizer market rose, and the operating load of plasticizer enterprise equipment decreased, weakening the demand support for phthalic anhydride. Due to sufficient supply and weak demand, the price of phthalic anhydride fluctuated and fell in July.

The cost support of phthalic anhydride still existed, and the supply was sufficient

Sinopec's quotation for OX was 7,000 RMB/ton. The price of industrial naphthalene was fluctuating and stabilizing, while the cost support of phthalic anhydride still existed. In July, the phthalic anhydride equipment underwent maintenance, and the operating rate of the enterprise was consolidated, resulting in sufficient supply of phthalic anhydride. The weakening of cost support and sufficient supply still provided support for the rise in phthalic anhydride prices in July.

Demand side: DOP prices fluctuated and rose

According to the Commodity Market Analysis System of SunSirs, as of July 7th, the DOP price was 8,259.17 RMB/ton, which first fell and then rose compared to the DOP price of 8,259.17 RMB/ton on July 1st, and the overall price had stabilized; Compared to the DOP price of 8,184.16 RMB/ton on July 2nd, it had increased by 0.92%. In July, DOP production decreased, and the operating rate of the plasticizer industry dropped to about 50%. The production of plasticizers also decreased, and the demand for phthalic anhydride weakened. The support for the rise in phthalic anhydride prices also weakened.

Future outlook:

According to the phthalic anhydride products data analyst of SunSirs, in terms of demand, plasticizer companies saw a decline in production, a decrease in plasticizer output, and weakened support for phthalic anhydride demand; In terms of supply, equipment maintenance in phthalic anhydride enterprises ensureed sufficient supply of phthalic anhydride. In the future, with sufficient supply and weak demand, it is expected that the price of phthalic anhydride will stop falling and stabilize.

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