SunSirs: The Price of Phthalic Anhydride Continued to Fall in May

According to the commodity market analysis system of SunSirs, as of May 27, the price of phthalic anhydride was 7,000 RMB/ton, which fluctuated and fell by 2.10% compared with the price of phthalic anhydride of 7,150 RMB/ton on May 1. The Sino-US tariff negotiations were favorable for the phthalic anhydride market, and the price of phthalic anhydride rose briefly, but the demand for phthalic anhydride did not grow well, the demand for downstream plasticizers was weak, and the price of phthalic anhydride continued to fall.

Supply side: Sufficient supply after resumption of production

The operation of phthalic anhydride units was stable, the capacity utilization rate of the domestic phthalic anhydride industry increased, and the capacity utilization rate of the naphthalene-based phthalic anhydride industry was stable; the capacity utilization rate of the domestic o-phthalic anhydride industry slowly recovered, and the supply of phthalic anhydride was sufficient.

Demand side: DOP market rebounded from the bottom

According to the commodity market analysis system of SunSirs, as of May 27, the price of DOP was 8,234.17 RMB/ton, which fluctuated and rose by 4.89% compared with the price of DOP of 7,850 RMB/ton on May 10. The Sino-US economic and trade talks, tariffs have been eased, and the demand for plasticizers is expected to rise. In addition, the price of the raw material isooctanol fell first and then rose. The price of plasticizers fell first and then rose. The downstream demand support still exists, and the support for the rise of phthalic anhydride still exists.

Market forecast

The data analyst of phthalic anhydride products at SunSirs believes that in terms of supply, phthalic anhydride manufacturers are operating steadily and phthalic anhydride supply is sufficient; in terms of demand, DOP manufacturers are operating at a low load and temporarily stable, and the demand support for phthalic anhydride is weak. In terms of the market outlook, supply is strong and demand is weak, and it is expected that the price of phthalic anhydride will fluctuate and fall in the future.

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