April 23 News – On April 23, Zhenjiang UPC Chemical Industry Co., Ltd. reports a phthalic anhydride production capacity of 120,000 tons. The phthalic anhydride unit is operating normally, with a current quotation of 9,100 RMB/ton, reflecting a decrease of 100 RMB/ton. According to Chempricehub's assessment of phthalic anhydride, the bullish/bearish score stands at -1. The spot price of phthalic anhydride has dropped by 100 RMB/ton to 9,100 RMB/ton, indicating ample market supply, stable production supported by normal unit operations, and potentially weak demand, leading to increased downward pressure on spot prices. This change represents a generally bearish influence on the spot market, with a significant but not extreme price decline.