Phthalic anhydride Prices, markets & analysis
For those looking to keep abreast of the global Phthalic anhydride market, our independent, unbiased pricing information, news and market analysis is an invaluable resource.
Whether you buy or sell Phthalic anhydride or related products, you need to know about the prices and the factors driving the prices in the global Phthalic anhydride market as they happen. Our network of price reporters throughout Asia, Europe and the US provide key local insights. We collate this intelligence into daily and weekly price reports, ensuring you have the up-to-date information you need at all times.
Phthalic anhydride Overview
Phthalic anhydride (PA) can be produced from two routes, either from the catalytic oxidation of orthoxylene (OX) or from the catalytic oxidation of naphthalene. In Asia the major outlet for PA is used to make phthalate plasticizers such as dioctylphthalate (DOP) which is used in polyvinyl chloride (PVC).
The second largest use of PA is in unsaturated polyester resins (UPR), used to produce fibre-glassed reinforced polyester resins.
World wide growth rates for PA are expected to average just under 3% per year over the next few years. The highest growth rates are in Asia.
Consumption of PA is mainly dependent on the growth in consumption of flexible PVC, which is sensitive to general economic conditions as it is consumed in the construction and automobile industries.
In Asia, the majority of PA cargoes are traded on a spot basis. Key factors that influence prices are movements in feedstock OX, sentiment and market conditions in the downstream DOP segment and the availability of supply.
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Phthalic anhydride news and market information products from ICIS
We offer the following regional Phthalic anhydride analysis and news coverage to keep you informed of factors and developments affecting prices in the Phthalic anhydride marketplace.
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Insight and analysis of factors driving prices.
Phthalic anhydride: Market overview
Updated to Q3 2014
Asia phthalic anhydride (PA) spot prices are expected to recover slightly in the third quarter (Q3), in line with sharply rebounding feedstock orthoxylene (OX) prices. PA prices may have bottomed out after hitting three-year lows in mid-June. However, further price upside is likely to be gradual and contained as there are no signs of any significant improvement in downstream demand in sight.
The European PA market is expected to be largely stable in Q3 with some increases in the July OX contract price, to which the vast majority of PA monthly contracts are formula-linked. Spot prices are expected to reflect contract prices and change accordingly. Demand is expected to pick up in July.
US PA contract prices are expected to move higher during Q3 on the back of a 16% jump in the feedstock OX contract price in July due to consecutive weeks of price increases in co-product mixed xylenes (MX) throughout the month of June. Demand is good and is expected to remain steady through Q3. PA contract prices typically settle on the delta of the previous month’s OX price.
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Phthalic Anhydride Methodology
About Phthalic anhydride
Phthalic anhydride (PA) occurs as white solid in various forms or clear molten liquid, with an irritating odour. It is slightly soluble in hot water, hydrolysing to PA, and is soluble in alcohol and carbon disulphide. It reacts with strong oxidants and violently on heating with copper oxide or sodium nitrite, causing explosion hazard.
The major outlet for PA, accounting for just over half of production, is in the manufacture of phthalate plasticisers, the main product being dioctyl phthalate (DOP) which is used as a plasticiser in polyvinyl chloride (PVC).
The second largest outlet is in unsaturated polyester resins (UPR) which are usually blended with glass fibres to produce fibreglass-reinforced plastics. Principal markets are construction, marine and transportation.
The third largest outlet is PA-based alkyd resins, which are used in solvent-based coatings for architectural, machinery, furniture and fixture applications.
Small volume uses for PA include the manufacture of dyes and pigments, detergents, herbicides and insecticides, fire retardants, saccharin and polyester resin cross-linking agents.