February 4th News: On February 4th, 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, and inventory is limited. The PA quotation is 6,110 yuan/ton, down by 100 yuan/ton. Chempricehub's analysis of PA: Bull-bear score: -1. Analysis rationale: The article indicates that the PA quotation has decreased by 100 yuan/ton to 6,110 yuan/ton. While low equipment operating rates and limited inventory should typically support prices, the decline in quotation suggests weak demand or emerging pressure from oversupply in the market, exerting a bearish impact on spot prices. This reflects the current bearish sentiment in the market, which may lead to further pressure on short-term spot prices.