February 26th News — On February 26th, the market price of phthalic anhydride in East China showed a weak consolidation. The mainstream quotation for o-xylene-based phthalic anhydride was 6,000–6,200 yuan/ton, while the market price for naphthalene-based phthalic anhydride ranged from 5,700 to 6,000 yuan/ton. The price of industrial naphthalene remained strong and steady, and the price of o-xylene stabilized. The cost of phthalic anhydride remained firm and stable. Downstream plasticizer market conditions fluctuated but tended toward stability, with plasticizer manufacturers operating at low and steady equipment utilization rates. Downstream demand was primarily driven by rigid needs, and purchases of phthalic anhydride were mainly based on demand. Support for phthalic anhydride demand remained, with manufacturers maintaining stable equipment utilization rates and ample supply. Phthalic anhydride inventory remained low. It is expected that the phthalic anhydride market will continue to show strong consolidation in the near future.