April 21 (Reuters) - On April 21, the maleic anhydride market in Shandong region showed weak consolidation. The ex-factory price of solid maleic anhydride hovered around 6,700-7,400 yuan/ton, while the ex-factory price of liquid maleic anhydride ranged from 6,900-7,100 yuan/ton. Market participants adopted a wait-and-see approach.
Chempricehub's analysis of maleic anhydride assigned a bearish score of -1. The report indicated that the maleic anhydride market in Shandong was in a state of weak consolidation, with solid maleic anhydride ex-factory prices ranging from 6,700-7,400 yuan/ton and liquid maleic anhydride ex-factory prices between 6,900-7,100 yuan/ton. The market remained predominantly cautious. This suggests either ample supply or weak demand, with prices lacking upward momentum and facing downward pressure. Consequently, this exerts a generally bearish impact on spot prices, and it is anticipated that prices may remain low or experience slight declines in the short term.
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