February 12th News
On February 12, Shijiazhuang Bailong Chemical Co., Ltd. has a phthalic anhydride (PA) production capacity of 80,000 tons. The PA plant is operating normally, with low inventory levels, and the product is primarily for internal use. The quoted price for PA is 6,350 yuan per ton, down by 50 yuan per ton.
Chempricehub Analysis of PA:
Bull-Bear Score: -1
The article indicates that the quoted price for PA is 6,350 yuan per ton, down by 50 yuan per ton, representing a decline of approximately 0.79%. Normal plant operation suggests stable supply, and low inventory levels may provide some support. However, the fact that the product is primarily for internal use implies weak external demand, leading to downward pressure on prices. This decline reflects relatively sufficient market supply and weak demand, exerting a generally bearish impact on spot prices and potentially restraining short-term price rebounds.