Table 1: Domestic Phthalic Anhydride Price Summary (Unit: CNY/mt)
| Market | Specification | Previous Trading Day | Current Trading Day | Change | Change (%) |
|---|---|---|---|---|---|
| Jiangsu | o-Xylene route | 9,850 | 10,100 | 250 | 2.5% |
| Jiangsu | Naphthalene route | 9,500 | 9,700 | 200 | 2.1% |
| Guangdong | o-Xylene route | 9,900 | 10,000 | 100 | 1% |
| Guangdong | Naphthalene route | 9,700 | 9,800 | 100 | 1% |
| Hebei | o-Xylene route | 9,800 | 10,000 | 200 | 2% |
| Hebei | Naphthalene route | 9,350 | 9,500 | 150 | 1.6% |
| Key Downstream | |||||
| Jiangsu | DOP | 10,425 | 10,525 | 100 | 1% |
| Data source: Chempricehub Information |
Based on the Jiangsu region, today Jiangsu o-xylene-route PA closed at CNY 10,100/mt, up CNY 250/mt from the previous trading day, in line with the morning expected price. Today, the domestic phthalic anhydride market price center moved higher. Driven by rising feedstock o-xylene prices, the phthalic anhydride market price center rose on cost-side support.
Today, domestic phthalic anhydride capacity utilization fell to 57%, with units remaining stable. On the profit side, feedstock o-xylene prices rose, and o-xylene-route PA market prices in East China increased. The theoretical profit for the o-xylene-route PA industry was CNY 346/mt. In Hebei, naphthalene-route PA prices rose, while feedstock industrial naphthalene tender prices were temporarily stable. The theoretical profit for the naphthalene-route PA industry was CNY 85/mt.
Currently, cost-side factors remain the main driver of the market. Strong cost support from upstream feedstock, together with low inventory in the domestic phthalic anhydride industry, provides some support to the market. However, weak end-use demand may constrain follow-up transactions at the high end of the market. In the short term, domestic phthalic anhydride market prices are expected to enter high-level consolidation.
o-Xylene market: In East China, o-xylene market prices rose, with reference at around CNY 9,850/mt for self-pickup. Supported by strong cost-side support from the upstream aromatics chain, major petrochemical plants raised prices, driving the market price center higher.
DOP market: Today, domestic octanol market prices continued to rise. As octanol prices have risen too much within the week, they are now at a high level for the year. Downstream users' purchasing enthusiasm was moderate, and a wait-and-see atmosphere was strong in the market. Traders with profitable positions offered slightly lower prices; spot inventories in the market were relatively low, and the overall price center operated at a high level.
Table 2: Domestic Phthalic Anhydride Data Overview (Unit: 10,000 mt)
| Data | Release Date | Previous Data | Estimated Current Trend |
|---|---|---|---|
| Capacity Utilization Rate | Thursday 18:00 | 57.5% | ↗ |
| Weekly Output | Thursday 18:00 | 4.03 | ↗ |
| Data source: Chempricehub Information Notes: 1. ↓↑ are regarded as significant fluctuations, highlighting data dimensions with changes exceeding 3%. 2. ↗↘ are regarded as narrow fluctuations, highlighting data with changes within 0–3%. |
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