On February 10, the maleic anhydride market in Jiangsu remained stable, with solid maleic anhydride ex-factory prices around 4,900 yuan/ton and liquid maleic anhydride ex-factory prices around 4,950 yuan/ton. The auction in East China was fully concluded, while major downstream sectors have largely entered a shutdown period. PriceSeek's analysis of maleic anhydride shows a long-short score of -1. The article indicates that spot prices of maleic anhydride in Jiangsu are stable, with solid maleic anhydride ex-factory prices around 4,900 yuan/ton and liquid maleic anhydride ex-factory prices around 4,950 yuan/ton. The stable market conditions suggest limited short-term price fluctuations. Positive factors include the full conclusion of the East China auction, reflecting strong current demand support. However, the shutdown of major downstream sectors has significantly weakened demand, and spot prices are expected to face downward pressure in the future. Overall, the negative impact of downstream shutdowns dominates, with a score of -1 (generally bearish). It is recommended to monitor the pace of demand recovery.