Phthalic anhydride price increases by 17% in a single day!

After the Spring Festival, the domestic market price of phthalic anhydride rose sharply. As of the 22nd, the price of phthalic anhydride was 7250 CNY/ton, a single-day increase of 17.41%. The price trend of phthalic anhydride has skyrocketed recently. The spot supply on the market is normal, and the market for phthalic anhydride has soared. 

Recently, the market price of Phthalic Anhydride has risen sharply, and the market for phthalic anhydride is normal. The downstream demand has increased recently. The price of phthalic anhydride has remained high, the market for plasticizers has risen sharply, and the price of phthalic anhydride has skyrocketed. Domestic phthalic anhydride manufacturers have maintained a low level of operation. The on-site phthalic anhydride operating rate is around 60%. The domestic phthalic anhydride spot supply is slightly tight. The price of on-site phthalic anhydride has risen, and the downstream plasticizer industry has risen sharply. The market price of phthalic anhydride in East China is rising, and high-end transactions on the market are limited. Neighboring source negotiations in East China are mainstream at RMB 7,200-7,500/ton, while Naphthalene-based source negotiations are mainstream at RMB 6,800-7,000/ton; the mainstream price of Phthalic Anhydride market in North China is at 7,000 yuan. -7200 CNY/ton, the wait-and-see mentality in the phthalic anhydride market still exists, downstream purchases have improved, and downstream DOP prices have risen sharply after the holiday, giving a certain positive support to the phthalic anhydride market, affecting the phthalic anhydride market price soaring.

Recently, the domestic price of phthalate has mainly increased, and the on-site price has remained at the level of 5,500 CNY/ton. The rising domestic price of phthalate is a positive support for the phthalic anhydride market. In addition, the import price of phthalate in the port area has increased, and the external price of phthalate has risen. The actual transaction price is subject to negotiation, and the actual order is discussed in detail. In addition, the ophthalene merchants on the market have a strong wait-and-see sentiment. The price of ophthalene has risen. The increase in the price of raw materials has benefited the domestic market price of phthalic anhydride. The price of phthalic anhydride on the market has continued to rise.

After the festive season, the downstream DOP market price of phthalic anhydride rose sharply. As of the 22nd, the domestic DOP price was 13,900 CNY/ton. The on-site isooctanol price rose sharply, the DOP raw material cost price rose, the DOP enterprise equipment started temporarily stable, the PVC price fluctuated and the downstream Customer demand is picking up. The plasticizer market has increased momentum, and transaction prices are based on real-time prices. The overall DOP price is around 14,000-14,500 CNY/ton. The market outlook for the DOP market has increased momentum, and domestic phthalic anhydride prices have soared supported by downstream benefits.

Taking a comprehensive look at the recent strong trend in crude oil prices, coupled with the sharp rise in the downstream plasticizer industry, the phthalic anhydride market is affected by the positive superposition. It is expected that the phthalic anhydride market price may continue to rise after the holiday.