Phthalic anhydride: The phthalic anhydride market continued to weaken in November

Phthalic anhydride: The phthalic anhydride market continued to weaken in November

The phthalic anhydride market continued to decline in November, and the overall center of gravity has shifted down compared with October; the operating rate of this month remained at a medium-to-high level, but the downstream plasticizer factories generally declined weakly, and the demand for goods was still cautious. The market continued to be weak, and the phthalic anhydride market Continue to adjust downward.

In terms of phthalates: the overall supply of phthalates is still in short supply this month, and the cost support of phthalic anhydride continues to be favorable. However, the demand for downstream plasticizers continues to be weak, and the price of phthalic anhydride drops accordingly.

In terms of naphthalene process: this month, the industrial naphthalene factory started to operate at a moderate level, and the price of industrial naphthalene fluctuated downward, and the cost support of naphthalene process phthalic anhydride was relatively weakened; with the gradual restart of phthalic anhydride maintenance manufacturers in the middle and late stages of this month, the short-term supply of phthalic anhydride slightly increased, and the superimposed downstream The demand is still weak, and the naphthalene phthalic anhydride market goes down accordingly.

To sum up, in November, the price of upstream products loosened, and the overall terminal demand was not good, driving the overall phthalic anhydride market to continue to weaken. It is expected that the overall demand for terminal demand will be weak in December, and the demand for plasticizers for phthalic anhydride will decline steadily. The center of gravity of the phthalic anhydride market is still expected to be lower than this month.