February 10th News — On February 10th, 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 fully concluded, while major downstream sectors have largely entered a shutdown period. Chempricehub’s analysis of maleic anhydride indicates a bearish-bullish score of -1. The report shows that spot prices of maleic anhydride 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 market consolidation suggests limited short-term price fluctuations. Positive factors include the full conclusion of the East China auction, reflecting strong current demand support. However, major downstream sectors have largely entered a shutdown period, leading to a significant weakening in demand. It is expected that spot prices will face downward pressure in the future. Overall assessment indicates that downstream shutdowns dominate the bearish impact, with a score of -1 (generally bearish). It is recommended to monitor the pace of demand recovery.