Market situation

On March 19, market trends for maleic anhydride in the Shandong region trended downward. Ex-factory prices for solid maleic anhydride hovered around 7,000 RMB/ton, while those for liquid maleic anhydride traded near 6,800 RMB/ton; auctions held in East China failed to conclude with any transactions.

On March 19, the benchmark price for maleic anhydride, as reported by SunSirs, stood at 7,725.00 RMB/ton—an increase of 45.75% compared to the beginning of the month (5,300.00 RMB/ton).

Analysis and Commentary

The maleic anhydride market in the Shandong region was trending downward; ex-factory prices stood at approximately 7,000 RMB/ton for solid anhydride and 6,800 RMB/ton for liquid anhydride, while auctions in East China failed to conclude with any transactions. This indicates weak demand and heightened risks of oversupply, placing downward pressure on spot prices. The failure of auctions to close further reflects sluggish buyer interest; consequently, spot prices are expected to continue weakening in the short term, driven by significant bearish factors.

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