Phthalic anhydride price in China this week (2024.1.15-2024.1.19)

This week, the domestic o-phthalic anhydride market price fluctuated and rose. As of the weekend, the quoted price of o-phthalic anhydride was 7,600 yuan/ton, an increase of 0.66% from the price at the beginning of the week of 7,575 yuan/ton, and a year-on-year decrease of 5.57%.

Domestic phthalic anhydride plants are running smoothly, but some plants are still in shutdown mode. The current operating rate of domestic phthalic anhydride is around 60%. Recently, the price of industrial naphthalene has increased, and the supply trend of naphthalene-based phthalic anhydride has increased. Affected by this, the price trend of o-phenylene-based phthalic anhydride has increased. .

Domestic ophthalmic prices are temporarily stable this week. As of the weekend, the ophthalmic price is 7,800 yuan/ton, which is the same as the price at the beginning of the week of 7,800 yuan/ton. The ophthalmic supply is normal and the on-site equipment is operating stably. The crude oil price fluctuates in a range this week. The price of mixed xylene is stable. Affected by this, the price trend of domestic phthalic anhydride is temporarily stable. The stable phthalic anhydride market has given certain cost support to the phthalic anhydride market, and the market price of phthalic anhydride has risen slightly.

The price of crude oil has fluctuated recently, the price of o-xylene is temporarily stable, the demand for downstream plasticizers is not good, and the price of DOP is falling. It is expected that the market price of o-phthalic anhydride will be weak and stable in the later period.