Phthalic anhydride price trend this week (2024.1.27-2024.2.2)
This week, the price trend of the domestic ortho-phenylene phthalic anhydride market was stable. As of the weekend, the quoted price of ortho-phenylene phthalic anhydride was 7,625 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 7.29%.
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 been stable, and the supply trend of naphthalene-based phthalic anhydride has been stable. Affected by this, the price of o-phthalic anhydride has been mainly stable.
The price trend of domestic o-benzene is temporarily stable this week. As of the weekend, the price of o-benzene was 8,000 yuan/ton, which was the same as the price at the beginning of the week of 8,000 yuan/ton. The supply of o-benzene is normal and the operation of on-site equipment is stable. The price of crude oil this week fluctuated in a range. The price of mixed xylene is stable. Affected by this, the domestic ophthalmic anhydride price trend is temporarily stable. The high ophthalmic anhydride market has given certain cost support to the phthalic anhydride market, and the price trend of the phthalic anhydride market is stable.
The downstream DOP market price increased slightly. The price as of the weekend was 11,780 yuan/ton, which was 0.77% higher than the price at the beginning of the week of 11,690 yuan/ton. Domestic DOP companies have started operations stably, and domestic DOP supply is normal, but plasticizer companies are still losing money. Plasticizer manufacturers are gradually taking holidays, but downstream demand has not improved. The mainstream price of DOP is 11,700-11,800 yuan/ton. The demand for downstream plasticizers is weak. For phthalic anhydride purchases, the market price of phthalic anhydride is stable this week.
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 due to the impact of the holidays of manufacturers, the market price of naphthophthalic anhydride has not changed much. It is expected that the market price of o-phthalic anhydride will be mainly stable in the later period.
SNOWHITE CHEMICAL is one of the largest suppliers of phthalic anhydride in China, able to supply OX Based and Naph Based phthalic anhydride. Our warehouse is close to major seaports such as Shanghai and Qingdao, so we can ship the goods as soon as possible.
Welcome to inquire with us at any time!
Email:shirley@snowhitechem.com
Phone:+86-25-56215758