ChemPriceHub, October 23:
On October 23, the market price of phthalic anhydride (PA) in East China remained stable. The mainstream quoted prices for PA produced via the ortho-xylene process stood at RMB 10,000–10,600 per ton, while those for PA produced via the naphthalene process were quoted at RMB 9,600–9,900 per ton. Crude oil prices exhibited a volatile upward trend, which was transmitted to downstream markets. Industrial naphthalene prices held firm within a narrow range, and ortho-xylene was quoted at RMB 10,150 per ton. With ortho-xylene prices stabilizing, cost support remains intact.
In the downstream sector, the plasticizer market has stabilized. Plasticizer producers have increased their equipment operating rates, driving demand from essential procurement needs. Consequently, buyers are purchasing PA on an as-needed basis, providing continued demand support. Meanwhile, PA manufacturers have also raised their operating rates, ensuring stable supply. PA inventories remain at low levels. Looking ahead, the PA market is expected to maintain a strong and stable trend.
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