The decline in the phthalic anhydride market is difficult to change

According to the monitoring data of business agencies, the recent domestic phthalic anhydride price trend has declined
.
As of November 8, the quotation of phthalic anhydride was 9275 yuan (ton price, the same below), down 12.
81%
from the highest price of 10637.
5 yuan in mid-October.
It is expected that the market will decline in phthalic anhydride in the future
.

Business analysts believe that the restart of the plant and the decline in industrial naphthalene are one of the reasons for the lower market of
phthalic anhydride.
Specifically, some domestic maintenance equipment was restarted, the domestic phthalic anhydride operating rate rose to more than fifty percent, the supply of o-phthalic anhydride increased, and the price trend of phthalic anhydride in the field declined
.
In addition, the sharp decline in industrial naphthalene tenders since mid-October has caused the price of naphthalic anhydride to fall sharply, and the price of o-phthalic anhydride has also fallen
accordingly.

Upstream, the price trend of domestic o-benzene declined, and as of November 9, the price of o-benzene was 9,000 yuan, down 6.
25%
from mid-October.
Although some devices in the site are still under maintenance, the supply of raw material phthalic anhydride is still tight, but affected by the decline in the upstream mixed xylene market, the o-benzene market is lower, and the price of phthalic anhydride also continues to decline
.

In the downstream, the market trend of dioctyl phthalate (DOP) downstream phthalate declined, and the current domestic price is 9960 yuan
.
DOP enterprises started steadily, and phthalic anhydride was mainly purchased on demand, and the decline in the next march affected the phthalic anhydride market to decline
.

In the future, the supply of phthalic anhydride increased, the short-term price of o-xylene showed weakness, and the downstream plasticizer industry declined
.
Coupled with bearish factors, it is expected that the market price of phthalic anhydride will still have room
to decline in the later period.