Phthalic Anhydride Prices, Chart, Index and Regional Data
North America Phthalic Anhydride Prices Movement Q4
Phthalic Anhydride Prices in USA:
In the USA, phthalic anhydride prices reached USD 1,330/MT for the month of December 2023, during the Q4. The market's low was largely caused by high inventory levels and weakness in demand from the downstream industries. Trade with Canada was - limited, even when the upstream naphthalene prices were lower. These factors therefore contributed to the pricing dynamics of phthalic anhydride, hence making the whole market remain under subdued conditions.
Phthalic Anhydride Prices in China:
In the Asia Pacific, the pricing of phthalic anhydride reflected downfall movement because of the apparent supply and demand imbalance. The upstream naphthalene prices were stable, but the prices for o-xylene were on the downside. Demand from downstream industries was lesser, leading to a surplus of stocks that reduced the need for restocking. In December, the price of phthalic anhydride hit 1,050 USD/MT in China, indicating the subdued state of the market.
Phthalic Anhydride Prices in Europe:
Phthalic anhydride prices in Europe amounted to 1,390 USD/MT during Q4 2023. The market showed a good deal of supply with less demand and gone by a small price decline during the month of December. This was due to reduced raw material costs, including ortho-xylene and naphthalene, which thereby lowered production expenses. The all-around decline in production costs further contributed to the small decline in phthalic anhydride prices throughout the quarter.
Phthalic Anhydride Prices in Middle East:
In the Middle East, phthalic anhydride prices had reached USD 1,470/MT during the Q4 2023 period. The market maintained a steady trend by balanced supply and demand. Moderate production costs and steady raw material prices have been contributing to maintain the price level. However, limited downstream demand without major regional economic factors prevented big price changes during this period.
How IMARC Pricing Database Can Help
The latest IMARC Group study, “Phthalic Anhydride Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Phthalic Anhydride price trend, offering key insights into global Phthalic Anhydride market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Phthalic Anhydride demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
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