The price of phthalic anhydride has repeatedly reached new highs

In October, the price of domestic phthalic anhydride continued to rise
.
Up to now, the price of phthalic anhydride is 10,500 yuan (ton price, the same below).

Since the phthalic anhydride market entered the upward channel in April 2020, the price has repeatedly reached new highs, with a cumulative increase of more than 130%
as of October 10.

Business analysts believe that the current phthalic anhydride market continues to rise mainly due to the combination of tight supply and cost support
.

On the supply side, the supply of phthalic anhydride in the field has been tight
recently.
Affected by the maintenance of the device, the operating rate of the domestic phthalic anhydride industry remained below
50%.
Anhui Tongling's 120,000 tons/year phthalic anhydride plant was reoverhauled, and Xinyang Group's 100,000 tons/year phthalic anhydride plant has not yet been started
.
Tight supply led to a sustained rise in phthalic anhydride prices, reaching a five-year high
.

In terms of cost, domestic phthalate prices have risen
sharply.
As of October 10, the price of phthalates was 9,600 yuan, an increase of 6.
67%
from the beginning of October.
Recently, the supply of phthalates is tight, phthalic plants are stopped for maintenance, and phthalic anhydride manufacturers are difficult to find supplies
.
The 160,000 tons/year phthalate plant of Zhenhai Refinery has gradually reduced its burden at the end of August, and is expected to be overhauled for 3 months; Fuhaichuang's 240,000 tons/year phthalate plant was shut down at the end of June; Luoyang Petrochemical's 40,000 tons/year phthalate plant was
discontinued.
And the import volume of phthalate is not much, the supply is tight, and the price is sharply higher
.
Supported by cost factors, the phthalic anhydride market continued to rise
.

On the demand side, the market price of dioctyl phthalate (DOP) downstream of phthalic anhydride has risen, and the current domestic mainstream price is 10,400~10,600 yuan
.
Domestic DOP enterprises started steadily, the demand for phthalic anhydride was guaranteed, and the price continued to rise
.

In the future, the recent low port phthalate inventory, phthalate prices are expected to continue to rise
.
At the same time, the downstream plasticizer industry has gradually entered the peak sales season, and the actual demand has increased compared with before, and it is expected that the market price of phthalic anhydride will rise slightly in
the later stage.