The prices of Phthalic Anhydride witnessed a significant decline amid notable stability in trend during the past few weeks. The market conditions remained constant with a bearish outlook. According to the analysts at ChemAnalyst, the prices of Phthalic Anhydride stood at USD xxxx/MT FOB Texas during the second week of November xxxx, showing a significant decline of almost xx from the previous week. The decline in the prices was attributed to various factors impacting the supply and demand dynamics which ultimately impacted the market outlook and price trend.
The decline in Phthalic Anhydride prices was attributed to declined demand from the downstream sectors. The downstream sector for Phthalic Anhydride is plasticizer domain which is majorly consumed in Performance materials and coating companies. The stability in the bearish market outlook in the past weeks was supported by the stable market trends. As per the Qx earnings report...
