Get the latest insights on price movement and trend analysis of Phthalic Anhydride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
During the first quarter, phthalic anhydride prices inclined gradually due to stable market dynamics. The strong demand from the plasticizer and polyester industry further supported the prices. The price of phthalic anhydride averaged 1562 USD/MT CFR JNPT in the Indian domestic market.
With the Russian invasion of Ukraine and zero-tolerance covid shutdowns in China, the industrial output and market demand suffered, causing the prices to crash. However, towards the end of said period, the prices stabilized and gathered momentum as the downstream demand rebounded, given the favourable market fundamentals.
The price trends for phthalic anhydride registered a marginal rise in the first quarter owing to stable pricing fundamentals. Towards the second half of Q1, the prices inclined as the petrochemical industry suffered owing to high crude oil and natural gas prices. The high feedstock prices, coupled with complex logistics, inflated freight charges and robust demand from polymer industries, led the prices to rise well within the second quarter.
The US domestic market closely mimicked the European market. The high feedstock xylene prices due to inflated crude oil and gas prices provided the required cost-side upstream pressure. The demand forms the construction and polymer industries further enhanced the market/prices of phthalic anhydride.
According to Procurement and Resource, the prices of phthalic anhydride will likely relax in the upcoming quarter as the market fundamentals stabilize. The dwindling demand will lead to stockpiling of the product as production rates increases and supply constraints soften.
Procurement Resource provides latest prices of Phthalic Anhydride. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Phthalic anhydride is the anhydride of phthalic acid and is a cyclic dicarboxylic anhydride. It is a 2-benzofuran and a cyclic dicarboxylic anhydride. Phthalic anhydride is a colourless to white lustrous solid with a mild distinctive odour.
|Product Name||Phthalic Anhydride|
|Industrial Uses||Adhesives and sealant chemicals, Electrical and Electronic Products, Production of inks and dyes, Paints and Coatings|
|Synonyms||1,2-benzenedicarboxylic anhydride, Phthalandione|
|Molecular Weight||148.11 g/mol|
|Supplier Database||BASF SE, Dow Chemicals, Lanxess AG, Dow Chemical Company, Avient Corporation, SABIC, Mitsubishi Chemical Corporation|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The commercial production of phthalic anhydride includes the gas-phase oxidation of naphthalene with a mixture of mercuric sulphur and copper sulphate in the presence of sulphuric acid.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.