China phthalic anhydride price this week (2024.3.4-2024.3.8)

China's domestic market price of ox-phthalic anhydride fell slightly. As of March 6, the quoted price of ox-phthalic anhydride was 7,587.5 yuan/ton, down 1.30% from the price of 7,687.5 yuan/ton on February 28, and down 10.47% year-on-year.

Domestic phthalic anhydride production equipment is running smoothly. Recently, the domestic phthalic anhydride operating rate is around 60%. The spot supply of phthalic anhydride is sufficient. The shipment situation of phthalic anhydride manufacturers is not good. In addition, the supply of phthalic anhydride for the naphthalene method has declined slightly. Affected by this, the price trend of phthalic anhydride for the ox-phthalic anhydride method has declined. .

The recent domestic ophthalmic price trend is temporarily stable. As of March 6, the ophthalmic price was 8,100 yuan/ton, which was the same as the price on the 28th of 8,100 yuan/ton. The ophthalmic supply is normal, and the on-site equipment is operating stably. The short-term crude oil price trend The price of mixed xylene is stable, and the temporarily stable market price of phthalic anhydride provides certain cost support to the phthalic anhydride market. The price decline of the phthalic anhydride market is limited.

The price trend of the downstream DOP market has declined this week. As of the 6th, the price was 11,630 yuan/ton, down 1.18% from the price of 11,800 yuan/ton on the 28th. Domestic DOP companies are operating normally and domestic DOP supply is normal, but the profits of plasticizer companies are still Loss, the downstream demand situation is average, the mainstream price of DOP is 11,600-11,700 yuan/ton, the downstream DOP price trend is lower, the procurement of phthalic anhydride is not good, and the domestic phthalic anhydride market price trend is declining.

Recently, crude oil prices have been trending slightly lower, o-xylene prices have been temporarily stable, downstream DOP prices have declined, and phthalic anhydride manufacturers have reported serious losses. SNOWHITE CHEM expects that the market price of ox-phthalic anhydride will mainly fluctuate at low levels in the later period.

If you have plans to purchase phthalic anhydride from China, please feel free to contact us. SNOWHITE CHEM is one of the largest exporters of naphthalene and ox-phthalic anhydride in China. We continue to sell our phthalic anhydride products all over the world. Sincerely hope to cooperate with you.

Email:shirley@snowhitechem.com

Phone:+86-25-56215758