October 16, weak situation of phthalic anhydride market in China
Yesterday, the domestic phthalic anhydride market was weak, the trend of downstream plasticizer was downward, and the production and sales were not prosperous, the demand for phthalic anhydride was shrinking and the resistance was maintained, the subsequent repression of raw material phthalic acid was also existing, in addition to the naphthalene phthalic anhydride low price restriction, the short mood dominated, the market low price increased, but under the bearish not buy down mood, the new single was limited. The reference price of East China is 6800-6900 CNY/ton, and that of North China is 6700-6800 CNY/ton. Future forecast: no matter DOP, o-phthalic acid or naphthalene phthalic anhydride are all expected to decline. Under the concentration of negative conditions, the center of gravity of o-phthalic anhydride is expected to continue to decline.
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