January 4th News
On January 4th, the maleic anhydride market in Jiangsu region experienced a slight increase. The ex-factory price for solid maleic anhydride was around 4,850 yuan/ton, while the ex-factory price for liquid maleic anhydride was around 4,800 yuan/ton. The auction transaction price in East China rose by 40 yuan/ton, and the liquid maleic anhydride market in surrounding areas also saw a slight uptick. Downstream buyers adopted a wait-and-see approach.
Chempricehub Analysis of Maleic Anhydride
Bull-Bear Score: 1
Reasoning: The article indicates a slight increase in the maleic anhydride market in Jiangsu region, with ex-factory prices for solid maleic anhydride around 4,850 yuan/ton and liquid maleic anhydride around 4,800 yuan/ton. The auction transaction price in East China rose by 40 yuan/ton, and the liquid maleic anhydride market in surrounding areas also saw an uptick. This suggests potential supply tightness or moderate demand growth, driving spot prices upward. The predominant wait-and-see attitude among downstream buyers may limit the extent of the increase, but overall, it is favorable for spot prices, with expectations of a moderate short-term rise.