On February 5th, the phthalic anhydride market in Jiangsu region experienced fluctuating and consolidating trends.

On February 5, the price of phthalic anhydride in Jiangsu fluctuated downward. The mainstream negotiation price for ortho-xylene-based products was 6,000–6,200 yuan/ton, while that for naphthalene-based products was 5,550–5,900 yuan/ton. Phthalic anhydride production facilities maintained stable operation, with the operating rate remaining low and steady. The domestic phthalic anhydride market had ample spot supply. The price of raw material ortho-xylene stabilized, while the price of industrial naphthalene fluctuated downward, weakening the cost support for phthalic anhydride. The plasticizer market also experienced a downward fluctuation, with plasticizer enterprises maintaining stable operating loads, resulting in reduced demand support for phthalic anhydride. Downstream industries adopted a rigid procurement approach. In the later period, the phthalic anhydride market is expected to consolidate weakly.