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Home > News > Market Flash > Domestic o-phthalic anhydride market continued to fall on April 16

Domestic o-phthalic anhydride market continued to fall on April 16

ECHEMI 2019-04-24

Phthalic anhydride Guide: Yesterday, the domestic o-phthalic anhydride market continued to decline, with different shipments in Northwest China, narrow fluctuations, reduced regional supply, and stable guiding prices in Shaanxi and Inner Mongolia. However, under the influence of environmental pressures and other factors, downstream demand is difficult to follow up, and current users also consume more inventory, leading to poor shipment of some methanol enterprises, forcing upstream enterprises to reduce prices and sales. The overall trading atmosphere in the venue is weak. The reference price of East China is 6500-6550 CNY/ton, that of South China is 6600-6700 CNY/ton, and that of North China is 6500-6550 CNY/ton. Future market forecast: There is still downward space in the short-term domestic methanol market, and attention should be paid to the methanol plant dynamics, downstream delivery, port inventory, freight and futures trends in the later period.

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