Although it is still hard to say the turning point, the chemical market did show some signs of recovery last week. According to the monitoring data, there were a total of 21 kinds of commodities with an increase in the price of the 68-item ICBC last week; the top 3 were phthalic anhydride (3.30%), xylene (2.88%), and urea (2.15%). There were a total of 24 kinds of goods with a decrease in the chain ratio, and the number decreased by 4 compared with the previous week; the commodities with the first three losses were propane (-3.65%), ethylene oxide (-1.62%) and compound fertilizer (-1.50%).
As a plasticizer upstream, the market for phthalic anhydride rose last week, from the average price of 10814.25 yuan/ton in the beginning of the week to 11171.43 yuan/ton in the weekend, with a weekly increase of +3.30% in all monitored chemicals. Rank first.
Phthalate anhydride analyst Cai Xiayu believes that the price increase of phthalic anhydride last week was mainly affected by the market with good upstream benzene market and downstream plasticizer (DOP). The overall market conditions have obviously improved since the beginning of the month, and merchants are actively shipping. Coupled with limited social inventory, merchants are trying to ship at very high prices.
The data shows that the price of phthalic anhydride in some areas is still rising. Among them, Shandong Lihua phthalic anhydride quoted from 11,200 yuan / ton, raised 100 yuan to 11,300 yuan / ton, normal sales.
“After the liquor plasticizer incident had a huge impact on the social market, the impact on the plasticizer market was minimal. After all, there is currently no better substitute material, and the use of plastics has become quite extensive.” Cai Xiayu told Ben Reporter, the plasticizer involved in the liquor incident was mainly DBP, and the plasticizer that drove the phthalic anhydride market was DOP.
In her view, due to the impact of the market trend of the benzene, it is expected that the future market prices of phthalic anhydride will continue to be high.
In addition to phthalic anhydride, urea, potassium sulphate, and ammonium sulphate continued to rise in the chemical fertilizer market last week. This became a star product in the chemical market. Zhang Ming, a senior analyst at Business Club, believes that last week's decline in the domestic chemical market fell by four kinds compared to last week, showing signs of a rebound, but the overall rebound will take some time. With the recovery of seasonal demand, the domestic chemical market performed well last week. The start of the fertilizer winter storage has played a significant role in pulling many raw materials. It is expected that the domestic chemical market will gradually turn into a strong shock before New Year's Day.
Although it is still hard to say the turning point, the chemical market did show some signs of recovery last week. According to the monitoring data, there were a total of 21 kinds of commodities with an increase in the price of the 68-item ICBC last week; the top 3 were phthalic anhydride (3.30%), xylene (2.88%), and urea (2.15%). There were a total of 24 kinds of goods with a decrease in the chain ratio, and the number decreased by 4 compared with the previous week; the commodities with the first three losses were propane (-3.65%), ethylene oxide (-1.62%) and compound fertilizer (-1.50%). 
