China PA: The price of domestic market keep rising

This week, the price trend of the domestic phthalic anhydride market continued to rise. As of the 20th, the price of phthalic anhydride was 7487.5 RMB/ton, which was 7.54% higher than the price of 6962.5 RMB/ton at the beginning of the week and 19.32% year-on-year. The domestic market price of phthalic anhydride continued to rise sharply.

Taken together, the recent crude oil price trend has risen, the domestic upstream phthalate’s price has risen, and the domestic plasticizer industry market has improved, the market price of phthalic anhydride has continued to rise sharply.

Looking at the market outlook, the domestic price of phthalate is mainly rising, but the plasticizer transaction market has improved, and the price of plasticizer has risen sharply. The downstream DOP’s price trend in the market outlook continues to rise. It is expected that the market price of phthalic anhydride may maintain a high and volatile trend next week.

exp1@gzchem.com        2020-11-23