On February 2, the Changzhou Xinyang phthalic anhydride plant, with a capacity of 100,000 tons, operated at a utilization rate of less than 50%. The manufacturer's inventory was low, and the phthalic anhydride quotation was 6,200 yuan/ton, down by 30 yuan/ton. PriceSeek's analysis of phthalic anhydride shows a bearish score of -1. Analysis rationale: The phthalic anhydride quotation fell by 30 yuan/ton to 6,200 yuan/ton, directly reflecting weak demand and a relative oversupply in the market. Although the utilization rate of less than 50% and low inventory provide supply-side support, potentially limiting the decline, the downward price trend dominates the spot market sentiment, indicating that short-term pressure outweighs support. The overall assessment suggests a generally bearish outlook, with spot prices likely to remain under pressure. Attention should be paid to the recovery of demand.