The Phthalic anhydride market witnessed a slight upward trend in China during the third week of May xxxx. The increase in the prices was attributed to slight increase in the demand from downstream plasticizer sector. While the demand fundamentals showed promising improvement, the downstream procurement enthusiasm was weak and mainly on demand. The supply of phthalic anhydride was stable leading to a slight upward trend in the week. Overall, the increased prices were driven by demand growth and low supply in the market.
The supply of the product was driven by various interconnected factors. The prices of raw material Naphthalene and Ortho-Xylene witnessed a significant upward trend which led to a rise in production expenses. The inventory levels of Phthalic anhydride manufacturers were stable at a low level which put an upward pressure on the supply chain. The operation of Phthalic anhydride manufacturers resumed,...
