The phthalic anhydride market is easy to rise and fall

Under the dual impetus of a significant reduction in the supply side and high cost, the recent market price of phthalic anhydride has successfully exceeded 10,000 yuan (ton price, the same below), and the "Golden Nine" is full of

The supply shortage is difficult to alleviate

Entering September, the domestic phthalic anhydride market continued to rise, and the price continued to refresh the new high

Around the Mid-Autumn Festival holiday, the domestic phthalic anhydride industry entered a new round of production reduction and suspension cycle

"After the market, Nanchong Liancheng 60,000 tons / year device heating, Tongling organic 50,000 tons / year device feeding, the source of goods is expected to grow, but the supply tension is still difficult to alleviate, short-term domestic phthalic anhydride market is easy to rise and fall

Raw material jump support is strong

Since September, the supply of raw materials to o-xylene has been at a low level, the market has risen strongly, and the cost of phthalic anhydride has supported strongly

According to Xu Xiaoning, an analyst at Jinlianchuang, the main petrochemical plant of o-xylene has been shut down for

Affected by the shortage of supply, the o-xylene market is difficult to find a situation, and the price has risen from 8300 yuan at the end of August to the current 9000 yuan, which supports

From the perspective of another raw material industrial naphthalene, the market shock rose in September, the bidding price of the main production area actively explored, and the strong rise of coal tar brought greater cost support to the industrial naphthalene, and the price of industrial naphthalene in the field rose

Due to the smooth delivery of costs, the profit margin of phthalic anhydride continues to expand

For the future market, Xu Xiaoning analyzed that the tight supply of raw materials o-xylene is difficult to change, and the momentum of the short-term market is still high; The industrial naphthalene market also has a price expectation

Demand picked up less than expected

As an important downstream of phthalic anhydride, several sets of dioctyl phthalate (DOP) plants have recently been restarted, and the capacity utilization rate has been improved

According to Li Yutong, an analyst at Zhongyu Information, July to August is the traditional sales off-season of the DOP market, and the DOP capacity utilization rate is 45% and 49%, respectively, at a low level

"With the gradual abundance of supply of goods, the sales pressure of DOP companies has gradually increased

From the perspective of profits, the increase in raw materials is greater than DOP, so at present, DOP companies are still in a state of loss, with a loss of nearly 200 yuan

For the future market, Li Yutong believes that the end-user's intention to buy at a high price is low, although the cost pressure is not reduced, but the DOP also has

From the perspective of another downstream unsaturated resin industry, in the weak state of supply and demand, the industry's shipment difficulties, coupled with the proximity of the "eleventh" holiday, there is no large-scale stock demand in the downstream, so the unsaturated resin market also has downward expectations, and it is difficult to release the procurement of