Market review:
This week, the market for phthalic anhydride and naphthalene phthalic anhydride surged.
The latest price of phthalic anhydride on November 3 is 6400.00 yuan/ton, which has increased by 13.53% in the last 10 days, 16.89% in 20 days, 18.52% in 30 days, and 23.97% in 60 days.
Entering this week, the spot shortage situation in the phthalic anhydride market has intensified, and the factory speculation mentality has risen, reappearing a sharp upward trend. The increase in the week is large, and the downstream conflict mentality has increased under the high position. However, some small orders for just-needed transactions are still followed up. Continue to climb, the transaction phenomenon has decreased. However, the raw material o-benzene is stable, the industrial naphthalene is weakened, and the cost side support is not strong, but the price is still actively rising due to the shortage of spot.
Market prediction:
This week, the phthalic anhydride market is gaining momentum, but the rate of increase is too fast, and the downstream acceptability is limited. Under the high position, the real order volume is insufficient. Although some small orders are just needed, the volume is not large.
After the concentrated purchase, the shortage of phthalic anhydride market still exists, but the regional differences are obvious. Although phthalic anhydride is expected to remain high for the time being, as downstream resistance increases and risks increase, some early-stage falsely high prices rationally callback.
exp1@gzchem.com
2020-11-4