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Focus Asia’s PA prices may stabilise after weeks of decline
By Hazel Goh
SINGAPORE (ICIS)--Phthalic anhydride (PA) prices in Asia may stabilise following weeks of decline because of weakness in feedstock orthoxylene (OX) prices and continued slow demand from the downstream sectors, market sources said on Friday.
On 17 May, PA prices were assessed at $1,340-1,380/tonne (€1,032-1,063/tonne) CFR (cost & freight) CMP (China Main Port) and at $1,400-1,440/tonne CFR SE (southeast) Asia, while China prices stood at yuan (CNY) 10,150-10,250/tonne ($1,653-1,669/tonne) ex-tank, according to ICIS.
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