On February 3, the maleic anhydride market in Shandong region exhibited weak consolidation. The ex-factory price of solid maleic anhydride hovered around 4,950 yuan/ton, while that of liquid maleic anhydride was around 4,700 yuan/ton. The auction in East China did not achieve full transaction volume, with downstream demand primarily driven by rigid needs. PriceSeek's analysis of maleic anhydride assigned a bearish score of -1. The weak consolidation in the Shandong maleic anhydride market, with solid maleic anhydride ex-factory prices around 4,950 yuan/ton and liquid maleic anhydride around 4,700 yuan/ton, indicates price weakness. The incomplete auction transactions in East China reflect insufficient demand, with downstream purchases limited to essential needs and lacking additional procurement momentum. This has led to downward pressure on spot prices and increased risks of oversupply. Consequently, a generally bearish rating is assigned, with expectations of continued weak price adjustments in the short term.