On November 10, the phthalic anhydride market in Jiangsu Province experienced a downward trend.

Chempricehub, November 10 – Phthalic anhydride (PA) market prices in Jiangsu Province declined on November 10. Mainstream negotiated prices for PA produced via the ortho-xylene route ranged from RMB 10,300 to 10,400 per ton, while quotations for PA produced via the naphthalene route stood at RMB 9,600 to 9,700 per ton. Plant operating rates remained stable, and domestic spot supply of phthalic anhydride was ample. Crude oil prices weakened with a downward trend; consequently, raw material prices for ortho-xylene fell, and industrial naphthalene prices showed weak consolidation. This led to a decline in production costs for phthalic anhydride. Downstream plasticizer markets fluctuated with a downward trend, though plasticizer producers maintained relatively stable operating rates. Demand support for phthalic anhydride persisted due to essential purchases by downstream users, resulting in an overall decline in the phthalic anhydride market.