March 18th News On March 18th, Tongling Chemical Industry Group's phthalic anhydride production capacity is 80,000 tons. The o-xylene-based phthalic anhydride unit is operating normally, while the naphthalene-based phthalic anhydride equipment is under shutdown for maintenance. Inventory levels are low, with the o-xylene-based phthalic anhydride quoted at 8,600 yuan/ton, an increase of 100 yuan/ton.
Chempricehub Analysis of Phthalic Anhydride, Bull-Bear Score: +1
The article indicates that Tongling Chemical Industry Group's o-xylene-based phthalic anhydride unit is operating normally, but the naphthalene-based phthalic anhydride equipment is under shutdown for maintenance, leading to a reduction in partial supply. Overall inventory remains low, driving the o-xylene-based phthalic anhydride quotation up by 100 yuan/ton to 8,600 yuan/ton. This reflects tightening supply in the spot market, with demand likely remaining relatively stable, which is favorable for spot prices. It is expected that there will be upward pressure on prices in the short term. The score is +1 (generally favorable), as the shutdown for maintenance and low inventory provide support, though the price increase has not reached a significant level.
Comments
0