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Echemi Market Analysis (Update on 2018-01-15)

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Previous Price:$940/MT (Reference Price)
Current Price:$1041/MT (Reference Price)  $101/MT
Analysis: The Chinese phthalic anhydride market was range-bound. Players showed a wait-and-see attitude. The supply was low in the overall market and part of producers operated for the previous contracts. The raw material price was firm, which supported the upstream market. However, the downstream demand was flat. As the players in plasticizer industry suffered cost pressure, they showed resistance to the high prices. In the future, the supply will be low and downstream users will purchased on a need-to basis. Player will show a wait-and-see attitude. It is predicted that the phthalic anhydride market will be range-bound. The reference price was $10,41 FOB.
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