On February 2, Zhenjiang Liancheng Chemical Industry Co., Ltd. has a phthalic anhydride (PA) production capacity of 120,000 tons. The PA plant is operating normally, with the PA price quoted at 6,200 yuan per ton, down by 50 yuan per ton. PriceSeek analysis of PA: Bull-Bear Score: -1. Zhenjiang Liancheng Chemical Industry Co., Ltd. quotes PA at 6,200 yuan per ton, a decrease of 50 yuan per ton compared to the previous period. The normal operation of the plant indicates stable supply. The price decline reflects weak market demand or oversupply, exerting a generally bearish impact on the spot price of PA, which may lead to short-term downward pressure on spot prices.
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