Supply of phthalic anhydride tight supply quotation firm

On December 13th, the supply of phthalic anhydride in the domestic market was tight and the quotation was firm. Terminal demand was still sluggish. Market participants had insufficient confidence in the market outlook and were cautious in watching.

The phthalic anhydride market in North China has been stable and stable. The price of the mainstream tannins has been between RMB11,500 and RMB11,600 (t price, the same below). Downstream demand continues to be sluggish, and the industry is still lacking confidence in the market outlook. The market trading atmosphere is unlikely to increase significantly. The volume of phthalic anhydride in East China is limited. The negotiation price is between 11400 and 11,500 yuan, the factory load is not high, and the downstream production is insufficient. The overall product is light and the transaction is small. The volume of phthalic anhydride in South China is limited, the atmosphere is slightly better, and the negotiation price is about 11,700 yuan. There is no improvement in downstream demand. Users need to fill in as needed. The transaction is still mostly small, and there are more cautious attitudes towards the market outlook.

The market of DOP downstream of phthalic anhydride is still in good condition. The raw material o-benzene is still at a high level, and the phthalic anhydride must be supported. The overall operating rate of domestic phthalic anhydride manufacturers is still not high, and the inventory pressure of manufacturers is not high; but the terminal demand is still low, and the downstream manufacturers' operating rate is low. Digestion speed is slow, and market participants still have insufficient confidence and transactions. It is expected that the short-term phthalic anhydride market will be dominated by a narrow range, and that the continued strength will remain limited.