- Market length continues-
Pricing softening in the PA Market





The European oxo alcohol market
continued to grow in the week ending July 21. This is consistent with the
trends observed throughout the propylene value chains in July. Seasonal pressures and regional pricing
differences continue to limit demand in the European phthalic acid market. Market
participants noted a widening price gap between the domestic and export
markets. European exporters are trying to compete against significantly cheaper
materials from Asia and the Middle East. The spot
price of phthalic anhydride flake Eur1,865-1,880/mt was down Eur10-12/mt over
the week. This weighed an indication of pricing at Eur1,900-1,920/mt. A
producer also indicated that there were a variety of pricing levels within the
market while keeping in mind limited demand fundamentals. Export prices
were assessed at $1,700-1,720/mt FOB...