Price trend

On August 6th, the East China phthalic anhydride market saw a weak adjustment in prices. The mainstream quotes for OX method phthalic anhydride were 6,400-6,500 RMB/ton, while the market price for naphthalene-based phthalic anhydride was 6,200-6,300 RMB/ton.

Analysis review

Industrial naphthalene prices fluctuated and stabilized, while OX prices remained temporarily stable, weakening the cost support for phthalic anhydride. The downstream plasticizer market weakened and stabilized. Plasticizer manufacturers increased their equipment operating rates, increasing downstream purchasing support. Phthalic anhydride was primarily purchased on demand, demand for phthalic anhydride rebounded, phthalic anhydride manufacturers maintained stable equipment operating rates, phthalic anhydride supply was sufficient, and phthalic anhydride inventories were low.

Market outlook

The phthalic anhydride market is expected to stabilize weakly in the future.

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