According to the commodity market analysis system of Shengyishe, the domestic market price of ortho phthalic anhydride slightly decreased in March. As of the end of the month, the quoted price of ortho phthalic anhydride was 7587.5 yuan/ton, a decrease of 1.30% from the beginning of the month price of 7687.5 yuan/ton, and a year-on-year decrease of 12.03%

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Supply side: Stable operation of the device and sufficient supply of goods

The operation of domestic phthalic anhydride plants is stable, with a recent operating rate of around 60%. The spot supply of phthalic anhydride is very abundant, and the sales situation of phthalic anhydride manufacturers is poor. In addition, the supply of naphthalene phthalic anhydride has slightly declined, which has affected the price of ortho phthalic anhydride slightly.

Cost side: Stable price of ortho benzene with acceptable cost support

In March, the domestic price trend of ortho benzene remained stable. As of the end of the month, the price of ortho benzene was 8100 yuan/ton, which remained unchanged from the beginning of the month at 8100 yuan/ton. The supply of ortho benzene was normal, and the operation of on-site facilities was stable. In the short term, the trend of crude oil prices declined, while the price of mixed xylene remained stable. The temporary stability of ortho benzene prices provided some cost support to the phthalic anhydride market, and the price decline of the phthalic anhydride market was limited.

On the demand side: The on-demand procurement market in the DOP market has significantly declined

In March, the price trend of downstream DOP market significantly declined, with a price of 10050 yuan/ton as of the end of the month, a 14.69% decrease from the price of 11780 yuan/ton at the beginning of the month. Domestic DOP enterprises started operating generally, and domestic DOP supply was sufficient. However, plasticizer enterprises still suffered losses in profits, and downstream demand was poor. The mainstream price of DOP was 10000-10100 yuan/ton, and the downstream DOP price trend significantly decreased. For the poor procurement of phthalic anhydride, the domestic phthalic anhydride market price trend slightly declined.

Looking at the future market, the recent trend of crude oil prices is mainly fluctuating, while the price of ortho xylene is temporarily stable. At the end of the month, the downstream DOP market trend is rising. In addition, phthalic anhydride manufacturers have reported serious losses, and it is expected that the market price of ortho xylene may slightly increase in the future.