Views: 0 Author: Site Editor Publish Time: 2022-06-07 Origin: Site
Recently, the domestic phthalic anhydride market has shown an upward trend, but the subsequent industry profits have also become a hot spot in the industry. When the center of gravity of o-phthalic anhydride continues to rise, its loss space is also expanding, and it is difficult to alleviate the trend. The following analysis will be made on the recent trend of o-phthalic anhydride and the industry cost.
Recently, the main factor driving the upward trend of o-phthalic anhydride lies in its raw material. The continuous increase in the price of o-xylene has led to the increasing cost pressure in the o-phthalic anhydride industry. It is reported that o-xylene has risen for three consecutive times since May, with an increase of 7.3%. Driven by cost, o-phthalic anhydride also follows the upward trend. Since May, the price of o-phthalic anhydride has increased by 0.64%. It can be seen that the rise of phthalic anhydride is far less than that of raw materials, and the passive trend is obvious.
Although the focus of o-phthalic anhydride rose driven by the rise of o-phthalic anhydride, there was no obvious follow-up on the demand side. When the downstream was facing the rise of phthalic anhydride, the resistance was also intensified, and the newly needed buying was still normalized. In the main downstream, the production and sales are not booming. About 50% of the DOP industry and about 40% of the unsaturated resin are started. The demand for o-phthalic anhydride is also weakened. The profit of the superimposed plasticizer industry is poor, and there is a conflict with the long-term development of o-phthalic anhydride. Therefore, when the growth of o-phthalic anhydride is rising, the downstream has not followed up significantly, so wait and see.
Since the middle of March, the domestic phthalic anhydride has been in a loss situation. Up to now, the loss space of the industry has been enlarged to about 530 yuan / ton. Therefore, the impact of cost changes on phthalic anhydride is still obvious. However, when the demand is difficult to improve, the phthalic anhydride market may show empty growth. It is expected that the phthalic anhydride market will mainly be consolidated in the near future.