This week, the phthalic anhydride market was weakly consolidating
According to the Commodity Market Analysis System of SunSirs, as of July 14th, the price of OX method phthalic anhydride was 6,800 RMB/ton, which fluctuated and fell by 0.24% compared to the price of 6,816.67 RMB/ton on July 7th. This week, the price of OX stabilized, the price of industrial naphthalene fluctuated and stabilized, and the cost support of phthalic anhydride still existed. The maintenance of phthalic anhydride equipment increased this week, the operating rate of phthalic anhydride enterprises decreased, the supply of phthalic anhydride decreased, and the downstream plasticizer market fluctuated and fell. The operating load of plasticizer enterprise equipment decreased, and the demand support for phthalic anhydride weakened. Supply declined and demand decreased, resulting in weak consolidation of phthalic anhydride prices this week.
The cost support of phthalic anhydride still existed, and the supply was decreasing
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. This week, there was an increase in the maintenance of phthalic anhydride equipment, resulting in a decrease in the operating rate of enterprises and a reduction in the supply of phthalic anhydride. The supply of cost support decreased, and the support for the rise in phthalic anhydride prices this week had weakened.
Demand side: DOP prices fluctuated and fell
According to the Commodity Market Analysis System of SunSirs, as of July 14th, the DOP price was 8,084.17 RMB/ton, a fluctuating decrease of 2.12% compared to the DOP price of 8,259.17 RMB/ton on July 7th. This week, DOP production decreased, and the operating rate of the plasticizer DOP industry dropped to around 40%. Plasticizer production also decreased, and plasticizer prices fluctuated and fell. The production of plasticizers decreased, the demand for phthalic anhydride decreased, and the support for the rise in phthalic anhydride prices had weakened.
Market outlook
According to the phthalic anhydride products data analyst of SunSirs, in terms of demand, plasticizer companies saw a decrease in production, a reduction in plasticizer output, and a decrease in demand for phthalic anhydride; In terms of supply, equipment maintenance in phthalic anhydride enterprises increased, resulting in a decrease in phthalic anhydride supply. In the future, as supply decreases and demand decreases, it is expected that the price of phthalic anhydride will be weakly consolidated.
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