Thread Content
On Tuesday (February 17), the domestic phthalic anhydride market remained in a weak trend, with some manufacturers lowering their prices. East China: The market for domestic phthalic anhydride is weak. The price of domestically produced phthalic anhydride in Jiangsu is around 7,500 yuan per ton; the price can be negotiated to 7,300–7,400 yuan per ton for pick-up in person. Some merchants sell goods at low prices; demand from downstream manufacturers is moderate, with purchases made as needed, and most transactions involve small orders ； The prevailing negotiation price for domestically produced phthalic anhydride in Shanghai is around 7,400 yuan per ton (ex-warehouse). The resumption of operations on the downstream side is slow, resulting in a sluggish market activity. South China: The market for domestic phthalic anhydride is weak. The prevailing negotiation price for domestically produced phthalic anhydride in Guangdong is 7,350–7,400 yuan per ton ex-warehouse. It is reported that there are sources offering lower prices in the market, but this has not been verified ； Suppliers of domestically produced phthalic anhydride in Fujian are willing to sell at 7,400–7,500 yuan per ton, but it is difficult to close deals at this price. It is reported that there are supplies available at lower prices in the market, though this has not yet been verified. North China: The phthalic anhydride market is sluggish. In the North China market for domestically produced phthalic anhydride, negotiation prices range from 7,300 to 7,400 yuan per ton for pick-up at the supplier’s location; it is difficult to secure higher prices. Downstream factories are gradually resuming operations, primarily to consume previous inventory, resulting in a sluggish trading atmosphere in the market ； The prevailing price for domestically produced phthalic anhydride in Shandong is around 7,400 yuan per ton, with slight adjustments possible in actual transactions. Demand from downstream sectors is low, and market activity is sluggish. Trend analysis: Supply of o-xylene in the upstream sector is tight, keeping prices firm, while the domestic phthalic anhydride market continues to show a downward trend. The operating rate of phthalic anhydride manufacturers is low, and it is difficult to sell high-end products. Some UPR factories are gradually resuming operations; they had stocked up supplies in advance, and at present they are mainly using those stocks. Demand is low, the overall market atmosphere is sluggish, prices discussed are slightly lower, and businesses are adopting a cautious attitude toward the future market. Market participants expect phthalic anhydride to remain weak in the near term, but with limited declines.