February 3rd News
On February 3rd, the maleic anhydride market in Jiangsu region experienced weak consolidation. The ex-factory price of solid maleic anhydride was around 4,950 yuan/ton, while the ex-factory price of liquid maleic anhydride was around 5,050 yuan/ton. The auction in East China was not fully concluded, and the surrounding markets also showed weak consolidation.
Chempricehub Analysis of Maleic Anhydride:
Bull-Bear Score: -1
The article indicates that the maleic anhydride market in Jiangsu region is experiencing weak consolidation, with solid maleic anhydride priced at approximately 4,950 yuan/ton and liquid maleic anhydride at around 5,050 yuan/ton. The auction in East China was not fully concluded, and the surrounding markets are also in a state of weak consolidation. This suggests weak market demand and relatively sufficient supply, leading to downward pressure on prices. This constitutes a negative impact on spot prices, representing a general bearish factor that may suppress short-term price rebounds.