March 23 News: On March 23, Changzhou Xinyang's phthalic anhydride (PA) plant, with a capacity of 100,000 tons, operated at less than 50% utilization. The manufacturer reported low inventory levels, with PA quoted at 8,850 yuan/ton, an increase of 50 yuan/ton. Chempricehub's analysis of PA indicates a bullish-bearish score of 2. The article highlights that Changzhou Xinyang's PA plant is operating at less than 50% utilization, with a capacity of 100,000 tons and low inventory levels, signaling a significant contraction in supply. The price increase of 50 yuan/ton to 8,850 yuan/ton reflects tight market supply driving prices higher. These factors constitute a significant positive catalyst, with expectations that PA spot prices will rise strongly, supporting bullish market sentiment.