Phthalic anhydride market rebounded and adjusted 

According to the SunSirs Commodity Market Analysis System, as of September 15th, the price of OX based phthalic anhydride was 6,300 RMB/ton, a 2.72% increase from the price of 6,133.33 RMB/ton on September 8th. Last week, OX was quoted at 6,400 RMB/ton, a 1.59% increase. Industrial naphthalene prices fluctuated upward, providing increased cost support for phthalic anhydride. Last week, phthalic anhydride equipment loads increased, and phthalic anhydride plant operating rates increased, resulting in ample phthalic anhydride supply. Downstream plasticizer prices fluctuated and consolidated, with plasticizer plant equipment operating rates remaining high. This limited demand support led to a rebound in phthalic anhydride prices last week.

Phthalic anhydride costs rose

On September 15, Sinopec quoted 6,400 RMB/ton for OX, up 1.59% from the price of 6,300 RMB/ton on September 1. Industrial naphthalene prices fluctuated upward, along with OX prices and phthalic anhydride costs. Last week, phthalic anhydride equipment operating rates increased, boosting the operating rate of phthalic anhydride manufacturers and ensuring sufficient phthalic anhydride supply.

Demand side: Downstream production increased, and DOP prices rebounded

According to the SunSirs commodity market analysis system, as of September 15, the price of DOP was 7,509.16 RMB/ton, a 0.56% increase from the price of 7,467.50 RMB/ton on September 10. DOP prices rebounded, and DOP plant operating rates stabilized, leading to a temporary stabilization in phthalic anhydride demand, maintaining support for phthalic anhydride's upward trend.

Market outlook

According to the data analyst of SunSirs, in terms of demand, plasticizer companies were stabilizing their production, plasticizer output was stable, and phthalic anhydride demand support still existed. In terms of cost, the price of OX had risen, the price of industrial naphthalene had fluctuated, and the cost of phthalic anhydride had increased. In the future, the cost of phthalic anhydride will increase, and it is expected that the price of phthalic anhydride will rebound and rise.

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