I. market trend:

According to statistics, the market price of phthalic anhydride in China has continued to fall since late September. As of the 25th, the market price of phthalic anhydride in China was 6550 yuan / ton, down 9.03%, down 19.63% year on year. About 6400-6600 yuan / ton of phthalic anhydride in Shandong Province, 6500-6700 yuan / ton of phthalic anhydride is the mainstream of phthalic anhydride negotiation in Jiangsu Province. There is sufficient spot supply in the market. The manufacturers report that the recent delivery situation is not good, and the price of phthalic anhydride continues to fall.

II. Market analysis:

Product: in the near future, the market price of phthalic anhydride in China has been greatly reduced. The plant in the field has been restarted. The operating rate of phthalic anhydride in the field is more than 60%. The spot supply is normal. Some manufacturers report that the recent delivery is not good. The inventory of manufacturers has increased compared with the previous period, and the market price of phthalic anhydride has continued to fall. In the near future, the price of upstream raw material phthalic acid market is mainly fluctuating, the price of port phthalic acid remains low, there is still equipment maintenance in the phthalic acid plant, and the price of phthalic anhydride market is slightly reduced; the downstream plant still maintains rigid purchase, the main flow of on-site phthalic acid source negotiation is 6500-6700 yuan / ton, the main flow of naphthalene method source negotiation is 5900-6100 yuan / ton; the main flow of phthalic anhydride market in North China is 6400-6600 yuan/ Tons, the market price continued to decline, the quotation of some enterprises in North China fell, the downstream construction was general, the purchase was mainly on demand, the wait-and-see mentality was strong, the domestic phthalic anhydride delivery situation was poor, the manufacturer’s inventory increased, high-end transactions were blocked, and the phthalic anhydride price continued to fall.

Upstream: the execution price of domestic ortho benzene Sinopec of upstream products is 6700 yuan / ton. Due to the restart of maintenance devices of some domestic ortho benzene manufacturers, the supply of goods inside the site has increased, the market of imported ortho benzene in the port area has declined, and the quotation has declined. Recently, the market of ortho benzene in the port has declined, the inventory of the port is low, and the quotation of the external ortho benzene market has fallen in shock. The actual transaction price is subject to negotiation, which is discussed in detail. The price trend of phthalic anhydride market continued to decline.

Downstream: lower downstream DOP price, lower isooctanol price and lower DOP cost. The price of DOP has declined, the downstream demand of DOP is average, the purchasing enthusiasm of customers is average, the downstream PVC market is fluctuating and declining, the high-end transaction of DOP is blocked, the mainstream transaction price of DOP market is 7400-7700 yuan / ton, the downstream price of terminal has declined, the demand is bad for domestic phthalic anhydride market, and the price of phthalic anhydride market has declined slightly.

3. Future forecast:

At present, the price trend of upstream phthalic acid fluctuates at a low level, the terminal demand decreases, the DOP price has a downward trend, and the on-site favorable support is insufficient. The phthalic anhydride analyst of the business agency thinks that the market price of phthalic anhydride may be slightly lower, with the price around 6400 yuan / ton.