Phthalic anhydride market seen fluctuating as DBP rises 0.47% to 10,700 CNY/ton on cost support

I. Key Points

1. Downstream demand for DBP remains driven by rigid procurement needs.
2. Raw material prices continue to operate at high levels.
3. On October 27: Multiple parties continued efforts to de-escalate tensions in the Middle East, easing concerns over supply risks and leading to a decline in international crude oil prices. NYMEX WTI crude oil futures (December contract) closed at $99.90/bbl, down $1.86/bbl (-1.83% WoW); ICE Brent crude oil futures (December contract) closed at $113.88/bbl, down $1.93/bbl (-1.67% WoW). China INE crude oil futures (contract 2612) fell by 8.1 yuan to 731.6 yuan/bbl during the day session and dropped by 18.7 yuan to 712.9 yuan/bbl in the night session.

II. Price List

DBP and Upstream Product Price Comparison

Unit: CNY/ton

Data Source: Chempricehub Information

Notes:

1. DBP, naphthalene-based phthalic anhydride, and n-butanol are all national standard premium-grade products.
2. Prices listed are spot cash-inclusive tax prices, denominated in CNY per ton.
3. All RMB prices in the table above represent factory gate spot cash prices.
4. The "Previous Period" and "Current Period" prices refer to specific point-in-time prices from the two preceding working weeks before this week, not weekly averages.
5. The change rate represents the week-over-week percentage change.

III. Market Outlook

Yesterday, domestic DBP market prices fluctuated with a slightly bullish trend before consolidating at high levels. Market sentiment shifted towards wait-and-see attitudes. It is reported that prices of both raw materials continued to rise, pushing production costs higher and providing strong support for DBP prices. However, downstream buyers are mainly engaging in rigid procurement, while market inquiries and transactions are concentrated at lower price ranges. DBP market prices are expected to fluctuate within a high range today.

IV. Data Calendar

Data Source: Chempricehub Information

Notes:

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