According to the commodity market analysis system of the business community, the market price trend of phthalic anhydride by o-phthalic acid dropped slightly this week. By the end of the weekend, the quotation of phthalic anhydride by o-phthalic acid was 7962.5 yuan/ton, 1.85% lower than the price of 8112.5 yuan/ton at the beginning of the week, and 1.09% lower than the same period last year.

Supply side: Stable operation of the device and normal supply of goods

Recently, the operation of domestic phthalic anhydride plants has been stable, and the domestic phthalic anhydride plant has been operating steadily. Currently, the operating rate of phthalic anhydride in China is around 60%, and the supply of goods is normal. The delivery situation of phthalic anhydride is average, and the market situation of phthalic anhydride has slightly declined.

Cost end: price trend of o-benzene market declines

This week, the price trend of domestic ortho benzene declined. By the end of the week, the price of ortho benzene was 8300 yuan/ton, down 2.35% from the price of 8500 yuan/ton at the beginning of the week. The supply of ortho benzene was normal, and the operation of on-site devices was stable. This week, the price of crude oil fell slightly, the pressure on the decline of ortho xylene cost increased, the demand for ortho xylene was weak, and the price of ortho xylene in the external market fell. The decline of ortho benzene price had a negative impact on the phthalic anhydride market, and the price of phthalic anhydride market fell slightly.

On the demand side: DOP market trend is declining, with on-demand procurement being the main focus

The price trend of downstream DOP market is declining. This week, the price is down 6.89%. At present, the domestic DOP price is 10009 yuan/ton. The domestic DOP enterprises are starting steadily. The demand for phthalic anhydride is mainly based on demand. The mainstream price of DOP is 10000-10100 yuan/ton. The main reason for the sharp decline of DOP price is the fall in the price of raw material isooctanol. On the whole, the demand of plasticizer industry is poor. Affected by this, the price of phthalic anhydride market declines slightly.

In the future, the price trend of o-xylene has declined slightly in the short term, but the demand of downstream plasticizer industry has not improved significantly. The supply of phthalic anhydride is normal, and the effect is general. It is expected that the price trend of o-phthalic anhydride market in the later period will be mainly volatile.