February 3rd News: On February 3rd, the maleic anhydride market in Shandong region showed weak consolidation. The ex-factory price of solid maleic anhydride hovered around 4,950 yuan/ton, while the ex-factory price of liquid maleic anhydride was around 4,700 yuan/ton. The auction in East China was not fully concluded, with downstream demand primarily driven by essential needs. Chempricehub's analysis of maleic anhydride indicates a bearish score of -1. The weak consolidation in the Shandong maleic anhydride market, with solid maleic anhydride priced at 4,950 yuan/ton and liquid maleic anhydride at 4,700 yuan/ton, reflects soft pricing. The incomplete auction in East China suggests insufficient demand, as downstream buyers are only purchasing based on essential needs, lacking additional procurement momentum. This has led to downward pressure on spot prices and increased risks of oversupply. Consequently, a generally bearish rating is assigned, with expectations of continued weak adjustments in the short term.