On February 5, the maleic anhydride market in Jiangsu region showed weak consolidation, with the ex-factory price of solid maleic anhydride around 4,900 yuan/ton and liquid maleic anhydride around 5,000 yuan/ton. The auction in East China did not result in any transactions, and the surrounding market also exhibited weak consolidation. PriceSeek analysis of maleic anhydride, with a bullish-bearish score of -1, indicates that the market in Jiangsu is in a state of weak consolidation, with both solid and liquid maleic anhydride prices remaining stable around 4,900 yuan/ton, suggesting a lack of upward momentum. The unsuccessful auction in East China reflects weak demand and insufficient buying interest. The overall weak consolidation in the surrounding markets further exacerbates the supply-demand imbalance. This constitutes a general bearish influence, with spot prices likely to face downward pressure or remain in a low-range consolidation.
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