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We offer the following regional Phthalic anhydride coverage to keep you informed of factors and developments affecting prices in the Asia Phthalic anhydride marketplace.
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Updated to Q1 2018
Supply was tight in the first quarter. Key producers in India were only catering to the domestic customers and contractual customers during the quarter. As a result, buyers in India were turning to imports from northeast Asia and southeast Asia to meet their Phthalic anhydride (PA) requirements. Some northeast Asian producers sold the bulk of their allocations into India. Meanwhile, South Korea's Hanwha Chemical shut its 80,000 tonnes/year plant in Ulsan, for a scheduled maintenance from 5-11 March 2018.
The major outlet for PA is the manufacture of phthalate plasticizers. This accounts for more than half of the production. The principal downstream markets for PA are the construction, marine, transportation industries, architectural, machinery, furniture and fixture applications. Demand from downstream sectors in southeast Asia was strong during Q1 and prices were on an uptrend since January. However, demand from the key China market remains subdued, with few deals concluded in the CFR CMP market. Producers were channelling cargoes into India and southeast Asia amid better netback.
ICIS publishes a weekly report of spot prices for phthalic anhydride (PA) cost & freight (CFR) China Main Port (CMP) and southeast Asia (SE Asia).
ICIS also keeps track of key supply-demand dynamics in the domestic China market. Additionally, we report on important local prices in east and south China on an ex-warehouse basis.
Upstream orthoxylene (OX) prices give our subscribers a more in-depth understanding of the cost structure of PA producers.
Content is based on close contact with a wide range of market players showing that information is timely and impartial.
News on scheduled turnarounds, production outages, and an in-depth analysis of supply and demand fundamentals are included.
ICIS published prices are considered to be in-depth and accurate, forming a benchmark for spot transactions and a component for contract settlements in Asia.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Phthalic anhydride. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Phthalic anhydride, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.