Phthalic anhydride gains support DBP prices stable at 11,100 CNY/ton in Henan

I. Key Focus Areas

1. Downstream demand for DBP is driven by rigid requirements.
2. Raw material prices remain at high levels.
3. November 3: The U.S.-Iran situation did not escalate prior to the U.S. midterm elections, easing supply risk concerns and leading to a decline in international crude oil prices. NYMEX WTI December futures closed at $96.09/bbl, down $0.37/bbl (-0.38% WoW); ICE Brent January futures closed at $103.60/bbl, down $1.17/bbl (-1.12% WoW). China INE crude oil futures contract SC2612 fell by CNY 50.3 to CNY 694.9/bbl; night session prices dropped by CNY 16.1 to CNY 678.8/bbl.

II. Price Table

Comparison of DBP and Upstream Product Prices

Unit: CNY/ton

Data Source: Chempricehub Information

Notes:

1. DBP, phthalic anhydride (naphthalene process), and n-butanol are all National Standard Premium Grade products.
2. Prices listed are spot cash prices inclusive of VAT, in CNY/ton.
3. All RMB prices in the table above are factory gate spot cash prices.
4. "Previous Period" and "Current Period" refer to point-in-time prices from the two preceding working weeks, not weekly averages.
5. The change rate represents the week-over-week percentage variation.

III. Market Outlook

Yesterday, the domestic DBP market price fluctuated sideways with a prevailing wait-and-see atmosphere. It is reported that raw material phthalic anhydride prices continued to rise, while n-butanol prices adjusted slightly from high levels. Consequently, high production costs provide strong support for DBP prices. Downstream buyers are purchasing based on rigid demand and trading cautiously. Market inquiries and transactions are centered around lower price points. Today, DBP market prices are expected to fluctuate at high levels.

IV. Data Calendar

Data Source: Chempricehub Information

Notes:

1. ↓↑ indicates significant volatility, highlighting data dimensions with fluctuations exceeding 3%.
2. →↗↘ indicates narrow-range volatility, highlighting data dimensions with fluctuations within 0–3%.