According to statistics, the price of phthalic anhydride in China continued to decline this week. As of the end of the week, the price of phthalic anhydride from the beginning of the week was 4575 yuan / ton, down 6.87% from 4912.5 yuan / ton at the beginning of the week, down 32.22% year-on-year. Recently, the price of phthalic anhydride in China has been falling continuously, and the market price of phthalic anhydride has reached a new low in ten years.

This week, the market price of domestic phthalic anhydride continued to decline. Due to the low crude oil price volatility, the price of phthalic anhydride upstream raw material ortho benzene fell to the low level of 4300 yuan / ton. In addition, the demand of the downstream terminal in the near future is limited. Some phthalic anhydride manufacturers have high inventory and poor delivery. Affected by the sharp decline of raw material price, the market price of domestic phthalic anhydride has been falling continuously. The market price of phthalic anhydride and phthalic anhydride in East China has fallen, the downstream factories have been shut down a lot, the factory inventory pressure has increased, and the high-end transaction has been blocked. Recently, the factory inventory has increased, and the price trend of phthalic anhydride market has declined. The main flow of the negotiation of the neighboring method ‘, The prices of most manufacturers in the site have declined, and the downstream purchase is mainly on demand, with a strong wait-and-see mentality, and the market price of phthalic anhydride has declined significantly.

In recent years, the execution price of domestic phthalic anhydride upstream product Sinopec fell to 4300 yuan / ton, and the import phthalic acid Market in port area continued to decline. In recent years, the port phthalic acid market was weak, the port inventory increased, and the external quotation of phthalic acid decreased. The actual transaction price was subject to negotiation, and the actual list was discussed in detail. Affected by the decline of upstream raw material phthalic acid price, the market price of phthalic anhydride continued to decline.

The price of isooctanol, the downstream DOP raw material, fell sharply, the cost of DOP raw material decreased, DOP enterprises operated at low load, and the logistics and transportation basically recovered in the near future, but DOP manufacturers still had a lot of inventory. DOP price fell, PVC enterprise equipment start low, customer procurement enthusiasm is poor. The main quotation in DOP market is about 5800-6200 yuan / ton, and a small amount of market plasticizers are traded. After that, DOP will be under great pressure, and the market price of phthalic anhydride will be significantly lower.

In the later stage, the crude oil price is still in a weak position in the short term. In addition, the peak season of the downstream plasticizer industry is over, and the demand for the upstream phthalic anhydride is limited. Influenced by the international public health events, it is expected that the price of the phthalic anhydride Market will rise heavily in the later stage, and will still fall.