In recent years, the coal tar and deep processing industry chain has been on the rise. Since the beginning of this month, the coal tar and coal tar pitch market has been strong, and other products are also showing signs of rising. However, the industrial naphthalene Market is always so independent. Under the premise that many products are actively pushing up with raw materials, the industrial naphthalene Market has shown a weak decline situation.

從原料市場來看，近段時間，高溫煤焦油從一開始的主動推漲逐步演變成了被迫拉升。煤焦油當前供小于求的現狀始終難以得到緩解，價高者得自然成為支撐其拉升的強勁動力。但隨著鋁價的頻頻上探，煤瀝青市場的破位拉升給煤焦油帶來了不得不漲的信念，同時深加工企業也擺脫了長期的虧損局面，原料爭奪戰在所難免，市場破四已成定局。

From the perspective of raw material market, in recent years, high temperature coal tar has gradually evolved from an active push at the beginning into a forced pull. The current situation that the supply of coal tar is less than the demand has always been difficult to alleviate, and the high price will naturally become a strong driving force to support its rise. However, with the frequent exploration of aluminum price, the rising of coal tar market has brought the belief that coal tar has to rise. At the same time, the deep processing enterprises have also got rid of the long-term loss situation. The battle for raw materials is inevitable, and the market has become a foregone conclusion.
                       

雖工業萘此時價格并不高，但終端萘法苯酐產品銷售阻力加大的同時，對工業萘打壓情緒蔓延。前期相關產品辛醇因國內裝置集中檢修之下價格呈現暴漲之勢，隨之增塑劑苯酐市場也相應跟進。不過價格超漲之后終端用戶接收已經力不從心，近期價格的快速下滑也正是市場的集中反映。苯酐當前產品銷售受阻的前提下對工業萘消極買盤。另外從萘法苯酐企業開工情況來看，周內邢臺旭陽6萬噸裝置臨時停車，唐山旭陽繼前期一套裝置檢修之后，20日仍有三萬噸裝置停產，慶安一條生產線檢修，中泰新材下旬苯酐裝置也即將停工更換催化劑，因此從需求方面來看，對工業萘實際用量存在收窄預期。

Although the price of industrial naphthalene was not high at this time, the resistance of terminal naphthalene phthalic anhydride product sales increased, and the pressure on industrial naphthalene spread. In the early stage, the price of related product octanol rose sharply due to the centralized maintenance of domestic units, and the plasticizer phthalic anhydride market followed up accordingly. However, after the price overrun, the end-user reception has been inadequate, and the recent rapid decline in prices is also a concentrated reflection of the market. Phthalic anhydride is a passive buyer of industrial naphthalene under the premise of blocked product sales. In addition, according to the start-up of naphthalene phthalic anhydride enterprises, Xingtai Xuyang's 60000 ton plant was temporarily shut down within a week, Tangshan Xuyang's 30000 ton plant was still shut down on the 20th after the previous overhaul, a production line in Qing'an was overhauled, and Zhongtai Xincai's phthalic anhydride plant was about to shut down in the next ten days to replace the catalyst. Therefore, from the perspective of demand, the actual consumption of industrial naphthalene was expected to narrow.

從工業萘價格方面來看，市場下滑的突破口依舊出現在山西市場，終端苯酐以及染料中間體在自身產品滯銷的前提下對工業萘自是消極采購，同時萘系減水劑廠家開工延續低位，原料接貨多維持剛需而已。不過當前煤焦油的頻頻拉升給深加工企業帶來較大成本壓力，因此廠家對工業萘挺市意愿較強，工業萘雖穩中趨弱，但降幅受限。

In terms of the price of industrial naphthalene, the breakthrough point of market decline still appears in Shanxi market. Terminal phthalic anhydride and dye intermediates are passively purchasing industrial naphthalene on the premise that their products are unsalable. Meanwhile, naphthalene superplasticizer manufacturers continue to operate at a low level, and raw materials are mostly received to maintain just demand. However, the frequent rise of coal tar has brought great cost pressure to deep-processing enterprises, so the manufacturers are willing to support the market of industrial naphthalene. Although the industrial naphthalene is weakening steadily, the decline is limited.

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