Welcome To ChemAnalyst

Phthalic Anhydride Prices Overview

Get Real Time Prices
Market Overview

Quarterly Update on Global Phthalic Anhydride Market
 
For the Quarter Ending September 2020
 
Asia
 
As several plants that were earlier under turnaround resumed production, supply for Phthalic Anhydride (PA) considerably improved with respect to the previous quarter. The domestic demand in China took a positive turn by the end of September, while exports from the country viably reduced as manufacturers were keen towards catering to the local downstream demand. Traders expressed optimism over the mega infrastructure campaign organized by the Chinese government to revive the looming construction industry, which is expected to contribute well for surging the demand for PA by the end next quarter. As the demand fundamentals were steady, around 1000 tonnes of the material from Northeast Asia was sold to China. PA cargoes from the Northeast Asia were sold at USD 600 per tonne in the late-September to early October period. With the permanent shutdown of Korea’s LG Chemical PA unit in August, the region suffered a loss of 60 tonnes per year production capacity that in long run is anticipated to create a considerate demand-supply gap in Asia.
 
North America
 
Supply of Phthalic Anhydride in the US remained sufficient with respect to the regional demand. Although supply of feedstock Orth-Xylene was disrupted by the maintenance at the key trade route of Illinois river which started in July and is expected to last till late October. This did not hamper the production of PA immediately as majority of manufacturers had already stockpiled enough cargoes of feedstock till the year end. Demand from the paint and coatings segment appreciably picked up with increase in number of remodeling and construction projects during the indefinite lockdown period. However, offtakes from the automotive industry remained dampened amid consistent increment in unemployment rate and reduced expenditure on consumer goods.
 
Europe
 

Lockdown induced in the second quarter continued to weigh over the market fundamentals of the European Phthalic Anhydride till mid of July due to high inventories of PA. In August, the condition marginally improved with a long maintenance turnaround in a large-scale PA plant. By the end of September, regional Phthalic Anhydride market witnessed much needed revival, supported the strong downstream demand form the UPR segment. After the slow crawl in July-August period, PA demand recovery was fast pace, far above the market expectations.

How we can help

ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.

Services
Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

Learn More
Pricing Analysis

Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.

Learn More
Company Profile

Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

Learn More
Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Phthalic Anhydride manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
 
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Phthalic Anhydride market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
 
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
 
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Phthalic Anhydride market.
 
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on daily, weekly, monthly and yearly basis.
 

Finally, region-specific markets for Phthalic Anhydride are analyzed and region-wise demand pattern is tracked.

About

Phthalic Anhydride is a white crystalline organic chemical compound, partially soluble in hot water and completely soluble in carbon disulphide and alcohol. It is highly reactive with strong oxidants and shows a hazardous reaction when heated with sodium nitrate or copper oxide. For commercial usage, Phthalic Anhydride is of the purity range between 99.8-99.9% and is available as flakes as well as in molted form. It mainly utilized for producing unsaturated polyester resins, phthalate plasticizers and alkyd resins.  Plasticizers hold maximum share of the Phthalic Anhydride demand as of 2020, followed by unsaturated polyester resins (UPR). Major end-user industries of Phthalic Anhydride include machinery, construction, marine, transportation, dyes and pigments etc. Phthalic Anhydride was conventionally manufactured by the oxidation of Naphthalene in highly concentrated Sulphuric Acid, under the presence of Mercury Sulphate as a catalyst. At present, the process has been modified, and the production of Phthalic Anhydride is achieved through the oxidation of Naphthalene in the vapor phase using vanadium oxide as a catalyst.