The Phthalic Anhydride Market in East China Saw a Weak Decline on June 24

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On June 24, the market price of phthalic anhydride in East China trended downward. Mainstream quotes for ortho-xylene-based phthalic anhydride ranged from 8,300 to 8,600 RMB/ton, while the market price for naphthalene-based phthalic anhydride stood at 7,400–7,800 RMB/ton.

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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