April 7th News: On April 7th, the maleic anhydride market in Shandong region showed consolidation. The ex-factory price of solid maleic anhydride hovered around 8,400 yuan/ton, while the ex-factory price of liquid maleic anhydride was around 8,200 yuan/ton. The price of feedstock n-butane declined. Chempricehub's analysis of maleic anhydride gave a long-short score of -0.5: The decline in n-butane feedstock prices has reduced costs, which may exert downward pressure on the spot price of maleic anhydride. Currently, the ex-factory price of solid maleic anhydride is around 8,400 yuan/ton, and the liquid maleic anhydride ex-factory price is around 8,200 yuan/ton. The market consolidation indicates short-term stability, but the expectation of lower costs is bearish and may limit future price increases. For n-butane, the long-short score is -1: The price decline directly indicates a drop, exerting a generally bearish impact on the n-butane spot market. As a feedstock for maleic anhydride, its weakening price may further transmit to downstream cost structures, intensifying supply pressure in the market.
Comments
0