The Chinese Naphthalene market presented a dynamic case of stability amidst a backdrop of fluctuating demand and supply forces. Despite a decline in key downstream sectors including production of Phthalic Anhydride and synthetic resin including Epoxy Resin, Naphthalene prices have remained relatively unchanged in early July xxxx. While downstream demand in some sectors shows weakness, the stability in feedstock coal tar prices and balanced supply from coking coal production keep production costs in check. Additionally, the lack of significant fluctuations in the downstream epoxy resin market helps offset the decline in the plasticizer market.
A key raw material for Naphthalene production, coal tar prices have not shown significant movement during July xxxx. The balanced state of the coal tar market keeps production costs in check. This prevents any significant upward pressure on the imported price to settle at USD xxx/ MT Naphthalene Refined CFR Qingdao, China on...
