Cost Increase Leads to Slight Recovery in Phthalic Anhydride Prices

September 15, News

This week, the phthalic anhydride market in China rebounded and adjusted.

According to the commodity market analysis system, as of September 15, the price of o-phthalic anhydride in China was 6300 CNY/ton, up from 6133.33 CNY/ton on September 8, with a price increase of 2.72%. This week, the price of ortho-xylene in China was 6400 CNY/ton, with a price increase of 1.59%. The price of industrial naphthalene fluctuated and increased, and the cost support for phthalic anhydride increased. This week, the operating load of phthalic anhydride equipment rose, and the operating rate of phthalic anhydride enterprises improved, ensuring a sufficient supply of phthalic anhydride. The plasticizer market showed volatile consolidation, and the operating load of plasticizer enterprises remained at a high level. However, the demand support for phthalic anhydride was limited. With limited demand support, the price of phthalic anhydride rebounded and increased this week.

Phthalic anhydride cost increases in China

On September 15, Sinopec's ortho-xylene price was 6,400 CNY/ton, an increase from the price of 6,300 CNY/ton on September 1, with a price increase of 1.59%. Industrial naphthalene prices fluctuated and increased, and the rise in ortho-xylene prices led to an increase in phthalic anhydride costs. This week, the operating load of phthalic anhydride equipment increased, and the operating rate of phthalic anhydride enterprises improved, ensuring a sufficient supply of phthalic anhydride.

Demand Side: Rising Downstream Activity Boosts DOP Prices, Stopping the Decline and Triggering a Rebound

According to the commodity market analysis system, as of September 15, the DOP price was 7,509.16 CNY/ton, a fluctuating increase from the DOP price of 7,467.50 CNY/ton on September 10, with a price increase of 0.56%. The DOP price has stopped falling and rebounded, and the operating load of DOP enterprises in China has stabilized. The demand for phthalic anhydride is temporarily stable, and there is still support for the rise in phthalic anhydride.

Future Market Prediction

Phthalic anhydride product data analysts believe that in terms of demand, the operating rates of plasticizer enterprises in China have stabilized, and the production of plasticizers is stable, so the demand support for phthalic anhydride still exists. In terms of costs, the price of ortho-xylene has increased, and the price of industrial naphthalene has fluctuated upward, leading to an increase in the cost of phthalic anhydride. For the future, with the rising cost of phthalic anhydride, it is expected that the price of phthalic anhydride will rebound and increase.