齐翔腾达：2026年国内顺酐新增产能投放相对有限

Core Viewpoint - The company, Qixiang Tengda, indicates that the domestic phthalic anhydride production capacity will see limited new additions by 2026, primarily from a single facility by Fujian Zhongjing Petrochemical [1] Group 1: Industry Insights - The overall operating rate of the phthalic anhydride industry is projected to be around 50% in 2025 [1] - The company’s phthalic anhydride facility is expected to maintain high-load stable operations [1] Group 2: Company Strategy - The company plans to continuously optimize the operational efficiency of its phthalic anhydride facility to strengthen its supply position in the regional market [1] - The company aims to deepen long-term cooperation mechanisms with downstream customers by relying on stable product quality and geographical advantages [1] - The company will closely monitor opportunities for extending the phthalic anhydride industrial chain and explore development paths for high-value-added derivatives to enhance overall profitability resilience [1]