Download
1 / 4
40 likes | 51 Views
This did not hamper the production of PA immediately as majority of manufacturers had already stockpiled enough cargoes of feedstock till the year end. Demand from the paint and coatings segment appreciably picked up with increase in number of remodeling and construction projects during the indefinite lockdown period.
E N D
Phthalic Anhydride Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Market Overview Quarterly Update on Global Phthalic Anhydride Market Asia As several plants that were earlier under turnaround resumed production, supply for Phthalic Anhydride (PA) considerably improved with respect to the previous quarter. The domestic demand in China took a positive turn by the end of September, while exports from the country viably reduced as manufacturers were keen towards catering to the local downstream demand. Get anhydride-48 more info : https://www.chemanalyst.com/Pricing-data/phthalic-
Phthalic Anhydride Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Traders expressed optimism over the mega infrastructure campaign organized by the Chinese government to revive the looming construction industry, which is expected to contribute well for surging the demand for PA by the end next quarter. As the demand fundamentals were steady, around 1000 tonnes of the material from Northeast Asia was sold to China. PA cargoes from the Northeast Asia were sold at USD 600 per tonne in the late-September to early October period. With the permanent shutdown of Korea’s LG Chemical PA unit in August, the region suffered a loss of 60 tonnes per year production capacity that in long run is anticipated to create a considerate demand-supply gap in Asia. North America Supply of Phthalic Anhydride in the US remained sufficient with respect to the regional demand. Although supply of feedstock Orth-Xylene was disrupted by the maintenance at the key trade route of Illinois river which started in July and is expected to last till late October. This did not hamper the production of PA immediately as majority of manufacturers had already stockpiled enough cargoes of feedstock till the year end. Demand from the paint and coatings segment appreciably picked up with increase in number of remodeling and construction projects during the indefinite lockdown period. However, offtakes from the automotive industry remained dampened amid consistent increment in unemployment rate and reduced expenditure on consumer goods. Europe Lockdown induced in the second quarter continued to weigh over the market fundamentals of the European Phthalic Anhydride till mid of July due to high inventories of PA. In August, the condition marginally improved with a long maintenance turnaround in a large-scale PA plant. By the end of September, regional Phthalic Anhydride market witnessed much needed revival, supported the strong downstream demand form the UPR segment. After the slow crawl in July-August period, PA demand recovery was fast pace, far above the market expectations.
Phthalic Anhydride Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ How we can help ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally. Methodology ChemAnalyst gathers information through primary research surveys conducted with various Phthalic Anhydride manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market. Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Phthalic Anhydride market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility. Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Phthalic Anhydride Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Phthalic Anhydride market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on daily, weekly, monthly and yearly basis. Finally, and region-wise demand pattern is tracked. markets for Phthalic Anhydride are analyzed region-specific About Phthalic Anhydride is a white crystalline organic chemical compound, partially soluble in hot water and completely soluble in carbon disulphide and alcohol. It is highly reactive with strong oxidants and shows a hazardous reaction when heated with sodium nitrate or copper oxide. For commercial usage, Phthalic Anhydride is of the purity range between 99.8-99.9% and is available as flakes as well as in molted form. It mainly utilized for producing unsaturated polyester resins, phthalate plasticizers and alkyd resins. share of the Phthalic Anhydride demand as of 2020, followed by unsaturated polyester resins (UPR). Major end-user industries of Phthalic Anhydride include machinery, construction, marine, transportation, dyes and pigments etc. Phthalic Anhydride was conventionally manufactured by the oxidation of Naphthalene in highly concentrated Sulphuric Acid, under the presence of Mercury Sulphate as a catalyst. At present, the process has been modified, and the production of Phthalic Anhydride is achieved through the oxidation of Naphthalene in the vapor phase using vanadium oxide as a catalyst. Plasticizers hold maximum
