March 2nd News
On March 2nd, Zhenjiang Liancheng Chemical Industry Co., Ltd., with a phthalic anhydride production capacity of 120,000 tons, reported normal operation of its phthalic anhydride plant. The quoted price for phthalic anhydride is 6,400 yuan per ton, representing an increase of 250 yuan per ton.
Chempricehub's analysis of phthalic anhydride indicates a bullish-bearish score of 1.5. The article highlights that Zhenjiang Liancheng's phthalic anhydride price has risen by 250 yuan per ton to 6,400 yuan per ton, with the plant operating normally. This suggests strong demand or tight supply in the spot market, driving the price increase. The significant price hike reflects optimistic market sentiment and is favorable for the spot market. It is anticipated that prices may maintain an upward trend in the short term, but attention should be paid to subsequent changes in supply and demand.