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The Phthalic Anhydride Market in East China Saw a Weak Decline on June 24
Market analysis
Crude oil prices fluctuated downward, weakening cost support; manufacturing naphthalene prices are consolidating at low levels, while ortho-xylene (OX) was quoted at 8,800 RMB/ton and trending downward, reducing production costs to OX-based phthalic anhydride (PA). The downstream plasticizer market is declining, with manufacturers slightly reducing operating rates; purchasing is driven by immediate needs, and PA procurement remains largely on an as-needed basis, weakening demand support. PA manufacturers' operating rates have stabilized at low levels, with stable supply and low inventory.
Market Outlook:
The market outlook to OX-based phthalic anhydride anticipates a weak downward direction.
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