On May 12, Shijiazhuang Bailong Chemical Co., Ltd. reported a phthalic anhydride capacity of 80,000 tons. The phthalic anhydride plant is operating normally with limited inventory, primarily for internal use. The current quoted price for phthalic anhydride is RMB 8,800 per ton, down by RMB 100 per ton compared to the previous price. According to Chempricehub's analysis, the bull-bear rating for phthalic anhydride is -15. As of May 12, the spot price for phthalic anhydride from Shijiazhuang Bailong Chemical is RMB 8,800 per ton, representing a decrease of RMB 100 per ton from the prior quotation. The enterprise's plant is running normally with limited inventory mainly for self-consumption. This price cut exerts a moderately bearish impact on spot prices, indicating near-term downward pressure in the market.