January 23rd News: On January 23rd, Panjin Ruide Chemical Co., Ltd.'s phthalic anhydride (PA) plant has a capacity of 100,000 tons. The PA equipment is operating at a low rate, with limited inventory. The ortho-xylene-based PA is temporarily not quoted, while the naphthalene-based PA is quoted at 6,210 yuan/ton. Chempricehub's analysis of PA: Bullish-Bearish Score: 1. The article indicates that Panjin Ruide Chemical's PA plant is operating at a low rate and has limited inventory, suggesting tightening supply, which may drive up spot prices. The naphthalene-based PA quote of 6,210 yuan/ton reflects current market support, with supply constraints being bullish for PA prices. Overall, reduced supply is favorable for the spot market, but no major events are involved, so it is rated as a moderate positive.