February 3rd News
On February 3rd, Tongling Chemical Industry Group's phthalic anhydride production capacity is 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 6,200 yuan/ton, down by 100 yuan/ton.
Chempricehub Analysis of Phthalic Anhydride
Bull-Bear Score: -1.5
The quoted price for ortho-xylene-based phthalic anhydride has decreased by 100 yuan/ton to 6,200 yuan/ton, directly reflecting downward pressure on spot prices. The maintenance shutdown of naphthalene-based phthalic anhydride equipment may reduce some supply, and low inventory levels provide 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.