March 31st News
On March 31, Tongling Chemical Industry Group's phthalic anhydride (PA) production capacity stands at 80,000 tons. The ortho-xylene (OX) process PA unit is operating normally, while the naphthalene process PA equipment is undergoing maintenance shutdown. Inventory levels are low, with OX process PA quoted at 9,500 yuan/ton, reflecting an increase of 300 yuan/ton.

Chempricehub Analysis of Phthalic Anhydride
Bull-Bear Score: 2
The report indicates that Tongling Chemical Industry Group's OX process PA unit is operating normally, but the shutdown of the naphthalene process PA equipment has led to an overall reduction in supply. With inventory at low levels, the OX process PA price has risen by 300 yuan/ton to 9,500 yuan/ton. This suggests tight market supply and relatively stable demand, providing significant support for the spot price of PA. The combination of constrained supply and low inventory reinforces bullish expectations, representing a major positive factor.