December 30th News
On December 30th, Zhenjiang Liancheng Chemical Industry Co., Ltd. has a phthalic anhydride production capacity of 120,000 tons. The phthalic anhydride plant is operating normally, with a quoted price of 5,800 yuan per ton, representing an increase of 100 yuan per ton.
Chempricehub Analysis of Phthalic Anhydride
Bull-Bear Score: 1.5
The spot price of phthalic anhydride has increased by 100 yuan per ton to 5,800 yuan per ton, indicating normal market supply but strong demand, driving prices upward. This increase reflects an improvement in supply-demand fundamentals, which is favorable for spot prices. It is expected that the spot market may continue to strengthen in the short term.