According to statistics, the price of phthalic anhydride in China continues to decline. As of March 12, the price of phthalic anhydride from o-phthalic acid process was 5487.5 yuan / ton. Since 2020, the price of phthalic anhydride has dropped by 12.9%, down 19.7% year on year. Recently, the price of phthalic anhydride in China has been falling continuously, and the market price of phthalic anhydride has fallen to a new low within the year.
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In recent years, the market price of domestic phthalic anhydride continues to decline. Due to the sharp drop of crude oil price in the past few days, the price of phthalic anhydride upstream raw material ortho benzene has dropped by 600 yuan / ton. In addition, the downstream of the terminal has not been fully recovered in the near future, some phthalic anhydride manufacturers still have inventory, and the delivery situation is poor. Affected by the large drop of raw material price, the market price of domestic phthalic anhydride has been falling continuously. The market price of phthalic anhydride in East China has fallen, the downstream factories have been shut down a lot, the factory inventory pressure has increased, and the high-end transaction has been blocked. In recent years, the inventory of manufacturers has increased, and the market price of phthalic anhydride has declined. In East China, the mainstream of neighboring source negotiation is 5300-5500 yuan / ton, and the mainstream of naphthalene source negotiation is 5000-5200 yuan / ton. In North China, the mainstream quotation of phthalic anhydride market is 5300-5500 yuan / ton, The prices of most manufacturers in the site fell, and the downstream purchase was mainly on demand, with a strong wait-and-see mentality, and the market price of phthalic anhydride fell sharply.
In recent years, the execution price of domestic phthalic anhydride upstream product Sinopec has dropped to 5000 yuan / ton, and the import phthalic acid Market in port area is slightly lower. In recent years, the port phthalic acid market is weak, the port inventory has increased, and the external quotation of phthalic acid is lower. The actual transaction price is subject to negotiation, and the actual list is discussed in detail. The market price of phthalic anhydride continues to decline due to the impact of the decline of upstream raw material phthalic acid price.
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The lower DOP raw material price of isooctanol fluctuated and fell, the DOP raw material cost fluctuated and fell, the DOP enterprise operated at low load, the logistics transportation was limited in the near future, it was difficult to get out of the warehouse, and the DOP manufacturer’s inventory increased. The price of DOP fell, the purchasing enthusiasm of customers was poor, the price of downstream PVC fell, and the equipment of PVC enterprises started at a low level. The main quotation of DOP market is about 6700-7000 yuan / ton, a small amount of market plasticizers are traded, the downstream demand is poor, and the market price of phthalic anhydride is significantly lower.
In the later stage, the crude oil price has not significantly increased in the short term. In addition, the peak season of downstream plasticizer industry is over, and the demand for upstream phthalic anhydride is limited. In addition, the impact of national health events, it is expected that in the later stage, the price of phthalic anhydride market will rise under a lot of pressure and will still fall.
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