March 24th News
On March 24th, Tongling Chemical Industry Group's phthalic anhydride (PA) production capacity stands at 80,000 tons. The ortho-xylene-based PA unit is operating normally, while the naphthalene-based PA equipment is undergoing shutdown maintenance. Inventory levels remain low. The quoted price for ortho-xylene-based PA is 9,200 yuan per ton, reflecting an increase of 500 yuan per ton.

Chempricehub Analysis of Phthalic Anhydride
Bull-Bear Score: 2
The shutdown maintenance of naphthalene-based PA equipment has led to a reduction in supply. Coupled with low inventory levels, market supply tightness has intensified. The quoted price for ortho-xylene-based PA has risen by 500 yuan per ton to 9,200 yuan per ton, indicating a strong upward trend in spot prices. The contraction in supply and low inventory levels constitute significant positive factors for PA prices. It is expected that spot prices will remain high in the short term.