Since October, China's phthalic anhydride has continued to improve, and the price has continued to brush the new year's high price, including the high price of o-phthalic anhydride of 8500 yuan / ton and the high price of naphthalene phthalic anhydride of 8000 yuan / ton, breaking the high position in recent years. However, based on the high level, the new single trading is poor, and has entered the callback trend. For the recent market and subsequent development of phthalic anhydride market, the following analysis will be made.

In October, under the influence of the power restriction policy, the production of some phthalic anhydride manufacturers in East China was affected, such as storage, shutdown or production reduction. The superposition of some planned maintenance led to a significant decline in the operating load of the phthalic anhydride industry. When the supply narrowed, businesses took advantage of the trend to raise prices. The superposition of raw material o-xylene also increased in the month, and the cost boost strengthened, whether it is o-phthalic anhydride or naphthalene phthalic anhydride, The gains are impressive.

However, with the rapid rise of market prices, the disadvantages gradually appear, the follow-up of high-level trading is difficult, and the resistance in the downstream is gradually aggravated. The main downstream plasticizers are not well produced and sold, and are obviously conducted by octanol, so it is difficult to accept high price phthalic anhydride. The main downstream DOP is basically volatile near the cost line, so the high trading resistance of phthalic anhydride is intensified. In order to slow down the shipping resistance, gradually transfer profits.

At the end of October, the domestic phthalic anhydride market became weak, and the price fell somewhat. However, in view of the small supply of the industry, the downward trend was basically maintained. In November, the negative factors in the market increased. Firstly, it is expected that the supply of phthalic anhydride will increase, some early shutdown devices will be restored, and some maintenance devices are also planned to be restarted in the near future, and the operation level of the industry will be significantly improved; Secondly, the downstream plasticizer entered a downward trend, the demand for phthalic anhydride was weak and the resistance was maintained, and the risk of phthalic anhydride profit transfer continued to increase; Third, the terminal has a weak pressure mentality. The weather is turning more and more. It is about to enter the heating season. The monitoring of environmental protection is increasing, affecting the start of the terminal.

Generally speaking, the demand side shrinks, but the supply of phthalic anhydride may increase and the shipping resistance intensifies. The high callback trend will continue. It is expected that the phthalic anhydride market will mostly fall in the near future, and it is normal to report high to low.