April 16th News: On April 16th, Tongling Chemical Industry Group's phthalic anhydride production capacity is 80,000 tons. The ortho-xylene-based phthalic anhydride (OPA) plant is operating normally, while the naphthalene-based phthalic anhydride (NPA) equipment is undergoing maintenance shutdown. Inventory levels are low. The OPA price is quoted at 9,100 yuan per ton, down by 200 yuan per ton. Chempricehub's analysis of phthalic anhydride shows a bearish score of -1. The OPA price has dropped by 200 yuan per ton to 9,100 yuan per ton, indicating ample market supply or weak demand, leading to a dominant bearish sentiment. Although the shutdown maintenance of the NPA equipment may limit supply growth, and low inventory levels provide some support, the significant price decline (approximately 2.2%) reflects pressure in the spot market. Short-term prices are expected to remain under pressure.
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