On August 7, the phthalic anhydride market in Shandong Province was wealy consolidating. The mainstream negotiated price for OX based phthalic anhydride was 6,350-6,500 yuan/ton, and the mainstream negotiated price for naphthalene-based phthalic anhydride was 6,200-6,300 yuan/ton.

Analysis review

Raw material prices for OX were weakly stabilizing, while industrial naphthalene prices were fluctuating and stabilizing. Phthalic anhydride cost support was weakening, and downstream plasticizer prices were fluctuating and falling. Phthalic anhydride manufacturers were resuming production, and the operating rate of phthalic anhydride companies was stable. Overall, the phthalic anhydride market was adequately supplied, plasticizer companies were increasing their workload, and demand for phthalic anhydride was increasing.

Future outlook:

Phthalic anhydride prices in Shandong are expected to be weakly consolidated in the future.