ChemPriceHub, November 12:
On November 12, the phthalic anhydride (PA) market in Shandong Province trended downward. The mainstream negotiated quotes for PA produced via the ortho-xylene route stood at RMB 9,800–9,900 per ton, while prices for PA produced via the naphthalene route were quoted at RMB 9,000–9,100 per ton.
Crude oil prices fluctuated lower, weakening cost support. Raw material ortho-xylene prices dropped significantly, and industrial naphthalene prices remained weakly stable, leading to a decline in PA production costs. Downstream plasticizer markets also saw volatile price declines. Operating rates at PA manufacturers have stabilized, maintaining steady market supply. However, operating rates among plasticizer producers declined slightly, reducing essential demand for PA and contributing to the overall downward trend in the PA market.
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