March 2, 2024 — On March 2, Changzhou Xinyang's phthalic anhydride (PA) plant, with a capacity of 100,000 tons, operated at a utilization rate of less than 50%. The manufacturer reported low inventory levels and raised its PA offer price by 400 yuan/ton to 6,550 yuan/ton. Chempricehub's analysis of PA assigns a bullish-bearish score of 2. The operation rate of Changzhou Xinyang's PA plant is below 50%, with a capacity of 100,000 tons, leading to a significant reduction in actual supply. Low inventory levels further exacerbate tight market supply. The price increase of 400 yuan/ton to 6,550 yuan/ton, representing a rise of approximately 6.5%, directly reflects the tight supply-demand situation. These factors constitute significant positive drivers for the spot price of PA, and it is anticipated that prices may continue to rise in the short term.