Renewed fighting between US and Iran has slowed shipping through the Gulf of Hormuz, disrupting supply routes. Benchmark crude prices have climbed sharply from pre-conflict levels, reflecting heightened geopolitical risk. The upward price pressure is likely to continue while tensions persist.
Intensified US-Iran military actions disrupt oil shipments through the Strait of Hormuz, causing a sharp spike in crude oil prices. The price jump leads to severe depreciation of the Indian rupee, raising import costs and inflationary concerns.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Phthalic Anhydride | China | FOB | USD 1,097.15/MT | May 2026 |
| Phthalic Anhydride | India | CIF | USD 1,164.34/MT | May 2026 |
| Phthalic Anhydride | USA | FOB | USD 1,216.19/MT | May 2026 |
| Phthalic Anhydride | Brazil | CIF | USD 1,229.00/MT | May 2026 |
| Phthalic Anhydride | Canada | CIF | USD 1,216.19/MT | May 2026 |
| Phthalic Anhydride | China | FOB | USD 1,173.90/MT | April 2026 |
| Phthalic Anhydride | India | CIF | USD 1,224.00/MT | April 2026 |
| Phthalic Anhydride | USA | FOB | USD 1,261.00/MT | April 2026 |
| Phthalic Anhydride | Brazil | CIF | USD 1,295.00/MT | April 2026 |
| Phthalic Anhydride | Canada | CIF | USD 1,261.00/MT | April 2026 |
Stay updated with the latest Phthalic Anhydride prices, historical data, and tailored regional analysis
Asia
In Asia, phthalic anhydride prices strengthened during Q1’26, especially in March, as crude and naphtha volatility lifted o-xylene and naphthalene costs. China also faced tighter supply due to lower plant operating rates, which improved seller confidence. The Strait of Hormuz disruption affected petrochemical cargo flows into India and other Asian destinations, with several offers withdrawn or suspended on March 2. Plasticizer demand improved as DOP operating rates recovered, allowing producers to pass on higher raw material costs.
Europe
In Europe, phthalic anhydride prices were mainly cost-led. Upstream crude and naphtha volatility affected contract discussions for petrochemical feedstocks, while the European xylenes and toluene market turned cautious as traders delayed spot volumes. Higher freight risk and reduced Middle East offers added replacement-cost pressure. Downstream demand from plasticizers, resins, and coatings remained steady, supporting firm offers despite cautious buying.
North America
In North America, phthalic anhydride market sentiment stayed steadier than Asia, but higher crude, freight, and global feedstock risk supported prices. The region benefited from shifting trade interest as disrupted Middle East flows made alternative cargoes more relevant. Demand from plasticizers, coatings, resins, and industrial applications remained moderate, so price support came mainly from replacement cost pressure.
Analyst Insight
According to Procurement Resource, near-term phthalic anhydride prices may stay firm if crude, o-xylene, naphtha, and freight risks remain elevated. Prices may stabilize if Middle East shipping normalizes and downstream buyers keep purchases need-based.
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Asia
In 2025, the Asian Phthalic Anhydride market remained under pressure for much of the year as demand from plasticizers, unsaturated polyester resin, paints, coatings, and construction-linked applications stayed uneven. China continued to dominate regional supply and consumption, but cautious buying from downstream producers, particularly in the plasticizer chain, limited sustained market strength. Feedstock orthoxylene and naphthalene movements periodically altered production economics, while fluctuations in crude oil and naphtha markets added volatility to supplier offers. However, adequate domestic availability and competitive producer activity kept inventories comfortable and restricted stronger upward momentum. Demand from automotive and construction-related sectors offered intermittent support, but the slower pace of property and manufacturing activity in China constrained overall consumption. By year-end, the regional market remained largely balanced-to-soft, with buyers favouring short-term procurement and producers managing output to limit inventory pressure.
Europe
The European Phthalic Anhydride market exhibited a subdued, cautious trend throughout 2025. Consumption from plasticizers, coatings, inks, unsaturated polyester resins, and construction materials remained moderate, but weak industrial activity and a slow construction environment limited demand growth. Producers faced continued pressure from elevated energy and operating costs, while feedstock orthoxylene availability and import competition influenced supply-side decisions. Buyers maintained lean inventories amid uncertain economic conditions and limited visibility on downstream order books. Regulatory preference for lower-phthalate and alternative plasticizer systems also continued to shape longer-term demand expectations, although conventional applications retained a stable base. Adequate supply availability and restrained purchasing kept the market from developing a sustained bullish trend, leaving overall sentiment soft to stable through the year.
North America
In North America, the Phthalic Anhydride market conditions remained mixed during 2025, shaped by moderate demand from plasticizers, coatings, resins, automotive components, and construction-related products. The construction sector offered selective support, particularly where infrastructure and non-residential activity supported downstream resin and coating consumption, but residential demand remained uneven. Feedstock orthoxylene and naphthalene cost changes periodically affected producer margins, while sufficient regional supply limited the scope for major price increases. Buyers continued to procure cautiously, maintaining controlled inventories amid uncertainty around broader manufacturing demand. The gradual shift toward non-phthalate plasticizers and alternative materials also constrained long-term consumption growth in some applications. Consequently, the market remained broadly stable but cautious, with periodic feedstock-led fluctuations rather than a sustained directional movement.
Phthalic anhydride is the anhydride of phthalic acid and is a cyclic dicarboxylic anhydride. It is a 2-benzofuran and a cyclic dicarboxylic anhydride. Phthalic anhydride is a colourless to white lustrous solid with a mild distinctive odour.
C8H4O3
Adhesives and sealant chemicals, Electrical and Electronic Products, Production of inks and dyes, Paints and Coatings
1,2-benzenedicarboxylic anhydride, Phthalandione
BASF SE, Dow Chemicals, Lanxess AG, Dow Chemical Company, Avient Corporation, SABIC, Mitsubishi Chemical Corporation
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The commercial production of phthalic anhydride includes the gas-phase oxidation of naphthalene with a mixture of mercuric sulphur and copper sulphate in the presence of sulphuric acid.
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