Yantai Wanhua Maleic Anhydride Auction on January 8:
- Yantai session: Auction volume 60 tons, with 30 tons sold at a price of 4,400 yuan/ton.
- East China session: Auction volume 180 tons, with all 180 tons sold at a price range of 4,810–4,820 yuan/ton.
PriceSeek Analysis of Maleic Anhydride, Bull-Bear Score: 1.5
The East China session saw the full auction volume of 180 tons sold at 4,810–4,820 yuan/ton, indicating strong demand and high prices, providing significant support for the spot price of maleic anhydride. In contrast, the Yantai session only sold 30 tons (out of 60 tons auctioned) at 4,400 yuan/ton, reflecting weak local demand. However, the East China market dominates the overall sentiment. Overall, the larger proportion of demand in robust regions is favorable for the upward trend in the spot price of maleic anhydride.