In recent times, the coal tar and deep processing industry chain has seen continuous growth. Since the beginning of the month, the coal tar and coal tar asphalt markets have been strongly exploring, and other products are also showing signs of following suit. But the industrial naphthalene market has always been so independent, and even though many products are actively following the raw materials to boost prices, the industrial naphthalene market has already shown a weak decline.

From the perspective of the raw material market, in recent times, high-temperature coal tar has gradually evolved from actively pushing up prices to being forced to rise. The current situation of insufficient supply of coal tar is difficult to alleviate, and the high price naturally becomes a strong driving force to support its upward trend. But with the frequent rise in aluminum prices, the breakthrough and upward trend of the coal tar market has brought the belief that coal tar has to rise. At the same time, deep processing enterprises have also overcome the long-term loss situation, and the battle for raw materials is inevitable. The market breakthrough has become a foregone conclusion.

Although the price of industrial naphthalene is not high at this time, the sales resistance of terminal naphthalene phthalic anhydride products has increased, and the sentiment of suppressing industrial naphthalene has spread. The price of octanol, a related product in the early stage, has skyrocketed due to centralized maintenance of domestic facilities, and the plasticizer phthalic anhydride market has also followed suit accordingly. However, after the price surge, end users are no longer able to accept it, and the recent rapid decline in prices is a concentrated reflection of the market. Under the premise of hindered sales of phthalic anhydride products, there is a negative buying trend towards industrial naphthalene. In addition, from the perspective of the start-up situation of naphthalene phthalic anhydride enterprises, Xingtai Xuyang's 60000 ton unit was temporarily shut down during the week, Tangshan Xuyang's 30000 ton unit was still shut down on the 20th after a previous unit maintenance, a production line in Qing'an was under maintenance, and Zhongtai New Materials' phthalic anhydride unit will also be shut down for catalyst replacement in the latter half of the year. Therefore, from the perspective of demand, there is an expectation of narrowing the actual usage of industrial naphthalene.

From the perspective of industrial naphthalene prices, the breakthrough point of market decline still appears in the Shanxi market. Terminal phthalic anhydride and dye intermediates are passive buyers of industrial naphthalene under the premise of unsold products. At the same time, naphthalene based water reducing agent manufacturers continue to operate at a low level, and raw material procurement is mostly maintained for essential needs. However, the frequent rise of coal tar has brought significant cost pressure to deep processing enterprises, so manufacturers have a strong willingness to support the market for industrial naphthalene. Although industrial naphthalene is stable and weakening, the decline is limited.