On July 8, the benchmark price for phthalic anhydride tracked by SunSirs was 7,783.33 RMB/ton, a decrease of 1.89% compared to the beginning of the month (7,933.33 RMB/ton).

On July 8, the market price trend for phthalic anhydride (PA) in East China stabilized. Mainstream quotes for ortho-xylene (OX)-based PA stood at 7,600-7,900 RMB/ton, while naphthalene-based PA prices ranged from 7,000 to 7,300 RMB/ton. Crude oil prices rebounded, strengthening cost support; industrial naphthalene prices stabilized; and OX quotes held steady at 7,800 RMB/ton. Downstream, the plasticizer market saw a rebound and subsequent adjustment, with manufacturers slightly reducing operating loads. Downstream procurement was driven by immediate needs, and PA purchasing remained largely on an as-needed basis, resulting in weakened demand support. Meanwhile, PA manufacturers increased operating loads, ensuring stable supply, and inventory levels remained low; the market outlook suggests that prices for OX-based PA will stabilize.

On July 8, the phthalic anhydride market in the Shandong region showed signs of stabilizing. Prevailing price negotiations for ortho-xylene-based phthalic anhydride ranged from 7,600 to 7,900 RMB/ton, while naphthalene-based material traded between 7,000 and 7,300 RMB/ton. Crude oil prices rebounded, strengthening cost support; prices for raw materials—ortho-xylene and industrial naphthalene—remained steady, stabilizing phthalic anhydride production costs. Although the downstream plasticizer market saw a recovery and phthalic anhydride manufacturers increased operating loads and utilization rates, market supply remained stable; conversely, operating loads at plasticizer enterprises declined, weakening the support from essential demand for phthalic anhydride, resulting in a stable market trend for the ortho-xylene-based product.

On July 8, the market price of phthalic anhydride (PA) in the Jiangsu region stabilized. Mainstream price negotiations for ortho-xylene-based PA ranged from 7,600 to 7,900 RMB/ton, while naphthalene-based PA traded mainly between 7,000 and 7,300 RMB/ton. Operating rates at PA production facilities remained stable at low levels. Domestic spot supply was steady. While crude oil prices rose, the costs of raw materials—ortho-xylene and industrial naphthalene—remained stable, keeping overall PA production costs steady. Although the market for downstream plasticizers saw price increases, operating rates at plasticizer plants remained stable at low levels, resulting in weaker demand support for PA; downstream purchasing was limited to essential needs, and the market for ortho-xylene-based PA remained stable.

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