On February 3, Tongling Chemical Industry Group has a phthalic anhydride capacity of 80,000 tons. The ortho-xylene-based phthalic anhydride unit is operating normally, while the naphthalene-based phthalic anhydride equipment is undergoing shutdown maintenance. Inventory levels are low. The quoted price for ortho-xylene-based phthalic anhydride is 6,200 yuan/ton, down by 100 yuan/ton.
PriceSeek analysis of phthalic anhydride: Bull-Bear Score: -1.5
The quoted price for ortho-xylene-based phthalic anhydride decreased by 100 yuan/ton to 6,200 yuan/ton, directly reflecting downward pressure on spot prices. The shutdown maintenance of naphthalene-based phthalic anhydride equipment may reduce some supply, and low inventory provides some support. However, the decline in quoted prices indicates weak demand or relatively sufficient market supply, with bearish factors dominating. Overall, this has a generally bearish impact on the spot price of phthalic anhydride.
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