January 14th — On January 14th, the maleic anhydride market in Shandong region showed weak consolidation. The ex-factory price of solid maleic anhydride hovered around 4,900 yuan per ton, while the ex-factory price of liquid maleic anhydride remained near 4,450 yuan per ton. Market transactions were primarily driven by rigid demand. Chempricehub's analysis of maleic anhydride assigned a bearish score of -1. The report noted that the maleic anhydride market in Shandong region was in a state of weak consolidation, with solid maleic anhydride prices stabilizing around 4,900 yuan per ton and liquid maleic anhydride prices holding steady near 4,450 yuan per ton. Market transactions were mainly supported by essential procurement, indicating a lack of upward momentum in spot prices and weak demand. The market relied solely on necessary purchases, with no significant speculative or expansionary demand. Given the current weak consolidation trend, prices may face downward pressure, representing a generally bearish factor that suppresses spot prices. The score of -1 reflects weak supply and demand conditions in the market, though no sharp fluctuations or major negative events have occurred.
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