Chinese producers are eying opportunities to become a net exporter for the, phthalic anhydride, due to plunge in prices on heavy material availability and bearish demand sentiments.
As per source, an 8% export tax was making difficult for the Chinese producers to be competitive. Presently market players are trying to change PA sales strategy to get more orders. Targeted regions for the exports are Southeast Asia, India and the Middle East.
Recently CFR China prices of PA were assessed in the range of USD 910-930/mt.
Some market players have said that, if China can rebate its export duties to PA sellers, they can effectively become a net exporter as the spread between feedstock orthoxylene and PA is wide
