Phthalic anhydride price trend this week (9.16-9.22)

The domestic phthalic anhydride market price fell, and demand-level factors returned to market dominance. The terminal demand is weak, and the price of naphthalene in the raw material industry has fallen sharply. The cost support of the naphthalene-based phthalic anhydride industry has weakened. In addition, the holidays are approaching, and the domestic phthalic anhydride industry is driven by inventory clearance, which has driven the market price to continue to decline. Entering the second half of the week, the price difference in the supply of o-naphthalene phthalic anhydride widened, the risk of low-priced naphthalene phthalic anhydride supply weakened, and crude oil hit a new high, which gave a certain boost to the mentality of the industry and drove the phthalic anhydride market transactions to improve before the holiday.

At present, cost factors are still the main factor supporting the market. The upstream cost support is strong, and the loss pressure of the domestic phthalic anhydride industry has not diminished, giving certain support to the market. However, some downstream companies are closed during the National Day holiday, which restricts the follow-up of market demand at the beginning of the month. With the supply of domestic phthalic anhydride industry stable, market inventory pressure still exists, and the market is under pressure. It is expected that the domestic phthalic anhydride market may enter differentiation. The o-phthalic anhydride market may experience a slight decline, while the naphthyl phthalic anhydride market may rebound.

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