March 5th News
On March 5th, 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 maintenance shutdown. Inventory levels are low. The quoted price for ortho-xylene-based phthalic anhydride is 6,800 yuan/ton, reflecting an increase in both quoted and actual transaction prices.
Chempricehub Analysis of Phthalic Anhydride
Bull-Bear Score: 2
The article indicates that within Tongling Chemical Industry Group's phthalic anhydride capacity, the shutdown of the naphthalene-based unit for maintenance has led to a reduction in supply. Although the ortho-xylene-based unit is operating normally, overall inventory levels remain low. Additionally, the quoted price for ortho-xylene-based phthalic anhydride has risen to 6,800 yuan/ton, with actual transaction prices also increasing, suggesting tight market supply and demand. The combination of constrained supply and strong demand is expected to significantly drive up spot prices for phthalic anhydride, representing a major positive factor.