Views: 0 Author: Site Editor Publish Time: 2022-10-03 Origin: Site
Phthalic anhydride: strong support of raw materials, phthalic anhydride continues to rise
Since June this year, the domestic phthalic anhydride has shown a V-shaped trend. Since late August, the phthalic anhydride market has been supported by the prices of raw materials phthalic anhydride and industrial naphthalene, and the price of phthalic anhydride has continued to rise. During the National Day, OPEC+ is considering cutting oil production by 1 million barrels per day, and Saudi Arabia may additionally reduce production voluntarily. International oil prices soared on October 3, external time. Stimulated by the surge in international crude oil, the domestic chemical market has risen sharply after the holiday. The domestic phthalic anhydride market conformed to the rising trend and reached a new stage high.
Ortho-phthalic anhydride: The supply of raw material o-xylene in the market continues to be tight, and the overall market trend continues to remain stable. There is still a shortage of spot stocks in ports and other regions. The overhaul of Zhenhai equipment has made the supply scarce; At present, the operating rate of the neighboring French manufacturers remains at a low level, and the short-term market supply continues to be tight.
Naphthalene-based phthalic anhydride: The raw material industrial naphthalene market continues to rise, and prices continue to rise, which boosts the phthalic anhydride market sentiment and drives the naphthalene-based phthalic anhydride market to continue to follow. Maintain just needed replenishment.
At present, the shortage of phthalic anhydride and the limited start-up of ortho-method, ortho-phthalic anhydride is high and firm, and the downstream plasticizer market is facing insufficient procurement of high-priced phthalic anhydride, and more rigid demand is maintained; The market has been relatively stable in receiving orders recently, and more needs to be replenished. It is expected that the phthalic anhydride market may consolidate at a high level in the future, and the market outlook still needs to pay close attention to the operating rate of phthalic anhydride manufacturers and the market demand for downstream plasticizers.
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