Raw material prices rise, this week phthalic anhydride prices in China have significantly increased

January 12 news

This week, the phthalic anhydride market in China has risen significantly.

According to the commodity market analysis system, as of January 12, the price of o-phthalic anhydride in China was 6,283.33 CNY per ton, a significant increase from the price of 5,966.67 CNY per ton on January 1. The price increase was 5.31%. Starting from late December, the price of o-phthalic anhydride stopped falling and began to rebound. This week, the price of o-phthalic anhydride continued to rise. This week, the price of the raw material ortho-xylene increased significantly, leading to higher costs. As a result, the operating rate of o-phthalic anhydride enterprises decreased, leading to insufficient supply, and the price of o-phthalic anhydride rose sharply.

Phthalic anhydride costs rise due to insufficient supply in China.

On January 12, Sinopec's ortho-xylene price was 6,300 CNY/ton, an increase of 500 CNY/ton from the price of 5,800 CNY/ton on January 1, representing a price increase of 8.62%. The significant rise in ortho-xylene prices has led to an increase in phthalic anhydride production costs. This week, the operating load of phthalic anhydride equipment in China dropped to 63%, resulting in decreased production and insufficient supply of phthalic anhydride.

Demand Side: DOP Prices Stop Declining and Begin to Rise

According to the commodity market analysis system, as of January 12, the DOP price was 7,417.50 CNY/ton, up from 7,325.84 CNY/ton on January 1, with a price increase of 1.25%. The operating load of DOP plasticizer enterprises in China remained stable, and DOP production was steady, with continued support for phthalic anhydride demand.

Future Market Forecast

Phthalic anhydride product data analysts believe that in terms of cost, the price of ortho-xylene has risen significantly, leading to an increase in raw material prices and thus an increase in the cost of phthalic anhydride. In terms of supply, the operating rates of phthalic anhydride enterprises in China have decreased, resulting in a decline in phthalic anhydride production and an insufficient supply. Looking ahead, with the rising cost and insufficient supply of phthalic anhydride, there is a situation where supply is weak and demand is strong. It is expected that the price of phthalic anhydride will fluctuate and rise in the future.