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.

从原料市场来看，近段时间，高温煤焦油从一开始的主动推涨逐步演变成了被迫拉升。煤焦油当前供小于求的现状始终难以得到缓解，价高者得自然成为支撑其拉升的强劲动力。但随着铝价的频频上探，煤沥青市场的破位拉升给煤焦油带来了不得不涨的信念，同时深加工企业也摆脱了长期的亏损局面，原料争夺战在所难免，市场破四已成定局。

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.
                       

虽工业萘此时价格并不高，但终端萘法苯酐产品销售阻力加大的同时，对工业萘打压情绪蔓延。前期相关产品辛醇因国内装置集中检修之下价格呈现暴涨之势，随之增塑剂苯酐市场也相应跟进。不过价格超涨之后终端用户接收已经力不从心，近期价格的快速下滑也正是市场的集中反映。苯酐当前产品销售受阻的前提下对工业萘消极买盘。另外从萘法苯酐企业开工情况来看，周内邢台旭阳6万吨装置临时停车，唐山旭阳继前期一套装置检修之后，20日仍有三万吨装置停产，庆安一条生产线检修，中泰新材下旬苯酐装置也即将停工更换催化剂，因此从需求方面来看，对工业萘实际用量存在收窄预期。

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.

从工业萘价格方面来看，市场下滑的突破口依旧出现在山西市场，终端苯酐以及染料中间体在自身产品滞销的前提下对工业萘自是消极采购，同时萘系减水剂厂家开工延续低位，原料接货多维持刚需而已。不过当前煤焦油的频频拉升给深加工企业带来较大成本压力，因此厂家对工业萘挺市意愿较强，工业萘虽稳中趋弱，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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