January 14th News — On January 14th, the maleic anhydride market in Jiangsu region showed weak consolidation. The ex-factory price of solid maleic anhydride was around 4,900 yuan/ton, while the ex-factory price of liquid maleic anhydride was around 4,800 yuan/ton. The auction in East China was not fully concluded, with prices falling by 30 yuan/ton. The surrounding liquid maleic anhydride market also remained weak, with transactions primarily driven by rigid demand.
Chempricehub Analysis of Maleic Anhydride — Bull-Bear Score: -1
The article indicates that the maleic anhydride market in Jiangsu region is experiencing weak consolidation. The ex-factory price of solid maleic anhydride is approximately 4,900 yuan/ton, and the ex-factory price of liquid maleic anhydride is around 4,800 yuan/ton. The auction in East China was not fully concluded, with prices declining by 30 yuan/ton. The surrounding liquid maleic anhydride market also remains weak, with transactions mainly driven by rigid demand. This suggests weak demand and relatively ample supply, exerting downward pressure on spot prices. The score is -1.0 (generally bearish), as although the price decline is not significant, the persistent weakness indicates a lack of strong market support.
Comments
0