March 12 News: On March 12, Changzhou Xinyang's phthalic anhydride plant, with a capacity of 100,000 tons, is operating at less than 50% utilization. The manufacturer maintains low inventory levels, with phthalic anhydride quoted at 7,900 yuan/ton, representing an increase of 50 yuan/ton. Chempricehub analysis of phthalic anhydride, with a bullish-bearish score of 1: Changzhou Xinyang's phthalic anhydride plant is operating at less than 50% utilization, indicating low capacity utilization. Coupled with low inventory levels, this suggests a significant tightening of supply. The price increase of 50 yuan/ton to 7,900 yuan/ton directly reflects the tight supply-demand balance in the spot market. These factors collectively drive the upward movement of phthalic anhydride spot prices, and it is expected that short-term supply shortages will continue to support prices, benefiting market sentiment.
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