January 15th News
On January 15th, the maleic anhydride market in Jiangsu showed weak consolidation. The ex-factory price for solid maleic anhydride was around 4,900 yuan/ton, while the ex-factory price for liquid maleic anhydride was around 4,800 yuan/ton. In East China, the auction did not achieve full transaction volume, with prices dropping by 20 yuan/ton. The supply of liquid maleic anhydride in surrounding areas decreased, and transactions were primarily driven by rigid demand.
Chempricehub's analysis of maleic anhydride assigned a long-short score of -1. The article indicates that the maleic anhydride market in Jiangsu is experiencing weak consolidation, with solid maleic anhydride ex-factory prices around 4,900 yuan/ton and liquid maleic anhydride around 4,800 yuan/ton. In East China, auction prices fell by 20 yuan/ton without full transaction volume, and the supply of liquid maleic anhydride in surrounding areas decreased, with transactions mainly driven by rigid demand. This suggests weak demand, as reduced supply has failed to effectively support prices, leading to clear downward pressure. Overall, this constitutes a generally bearish impact on the spot market for maleic anhydride.