Phthalic anhydride prices fluctuated and fell after the holiday 

According to the SunSirs commodity market analysis system, as of October 11th, the price of OX based phthalic anhydride was 6,216.67 RMB/ton, a 1.22% decrease from the price of 6,293.33 RMB/ton on October 1st . Following the holiday, OX prices fell, as did industrial naphthalene prices, reducing the cost support for phthalic anhydride. Following the September holiday, phthalic anhydride equipment load decreased slightly, reducing the operating rate of phthalic anhydride manufacturers. This resulted in ample phthalic anhydride supply. Downstream plasticizer prices fluctuated downward, with reduced equipment operating rates at plasticizer manufacturers, weakening demand for phthalic anhydride. This weakening demand support led to a volatile decline in phthalic anhydride prices following the holiday.

Phthalic anhydride costs fell after the holiday

On October 11, Sinopec's phthalate price was 6,300 RMB/ton, down 100 RMB/ton, or 1.56%, from 6,400 RMB/ton on October 1. Industrial naphthalene prices fluctuated downward, along with OX prices, and phthalic anhydride costs fell. Phthalic anhydride equipment operating rates haddecreased slightly since the holiday, leading to a decline in phthalic anhydride plant operating rates and a temporary stabilization of phthalic anhydride supply.

Demand side: Downstream production declined, and DOP prices fluctuated and fell

According to the SunSirs commodity market analysis system, as of October 11, the price of DOP was 7,309.16 RMB/ton, a 0.79% decrease from the price of 7,367.50 RMB/ton on October 1. DOP prices had fluctuated and fallen since the holiday. DOP companies were operating at less than 60% capacity, with a slight decline in operating rates. This weakening demand for phthalic anhydride had reduced demand support, increasing downward pressure on phthalic anhydride prices.

Market outlook

Analysts of phthalic anhydride product data from SunSirs believe that on the demand side, reduced workloads and production at plasticizer companies were contributing to a decline in phthalic anhydride demand. On the cost side, falling OX prices and fluctuating prices for industrial naphthalene were contributing to lower phthalic anhydride costs. In the future, the cost of phthalic anhydride will fall, and with the decline in demand support, the price of phthalic anhydride is expected to fluctuate and fall.

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