Product
Phthalic Anhydride Price Trend and Forecast
Phthalic Anhydride Price Trend and Forecast
Regional Price Overview
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
Asia
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.
Europe
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.
North America
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.
Analyst Insight
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.
About
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 Details
| Report Features | Details |
| Product Name | Phthalic Anhydride |
| HS Code | 291735 |
| CAS Number | 85-44-9 |
| Industrial Uses | Adhesives and sealant chemicals, Electrical and Electronic Products, Production of inks and dyes, Paints and Coatings |
| Chemical Formula | C8H4O3 |
| 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.
Production Process:
- Production of Phthalic Anhydride via Oxidation
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.
Methodology
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).
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