February 5th News — On February 5th, the maleic anhydride market in Shandong region showed weak consolidation. The ex-factory price of solid maleic anhydride hovered around 4,900 RMB/ton, while the ex-factory price of liquid maleic anhydride remained near 4,650 RMB/ton. No transactions were concluded in the East China auction, with downstream demand primarily driven by rigid needs. Chempricehub's analysis of maleic anhydride assigned a bullish-bearish score of -1.5. The article noted that the maleic anhydride market in Shandong was in a state of weak consolidation, with solid maleic anhydride ex-factory prices stabilizing around 4,900 RMB/ton and liquid maleic anhydride ex-factory prices holding near 4,650 RMB/ton. However, the East China auction failed to secure any transactions, and downstream demand remained limited to essential purchases. This indicates relatively ample market supply, weak demand, and insufficient buyer interest. The unsuccessful auction highlights poor market liquidity and price pressure risks. Considering the current stable yet weak spot price trend, it is anticipated that maleic anhydride spot prices may face downward pressure in the short term. Therefore, the score of -1.5 reflects a generally bearish impact, primarily driven by insufficient demand and negative signals from the failed auction.