February 13th News
On February 13th, the maleic anhydride market in Jiangsu region remained stable, with solid maleic anhydride ex-factory prices around 4,900 yuan/ton and liquid maleic anhydride ex-factory prices around 4,950 yuan/ton. The East China auction was suspended, and major downstream industries have largely entered a shutdown period.
Chempricehub Analysis of Maleic Anhydride:
Bull-Bear Score: -1
The article indicates that the maleic anhydride market in Jiangsu region remained stable, with solid maleic anhydride ex-factory prices around 4,900 yuan/ton and liquid maleic anhydride ex-factory prices around 4,950 yuan/ton. However, the suspension of the East China auction and the shutdown of major downstream industries suggest a significant weakening in demand. The reduction in demand has led to a relative oversupply, exerting downward pressure on spot prices, resulting in a generally bearish score of -1.