March 24 — On March 24, the maleic anhydride market in Shandong region showed weak consolidation. The ex-factory price of solid maleic anhydride hovered around 8,000–8,200 yuan/ton, while the ex-factory price of liquid maleic anhydride ranged approximately 7,600–8,000 yuan/ton. The auction session in Yantai resumed, with a transaction price of 7,400 yuan/ton, and auction transaction prices in East China further declined.

Chempricehub's analysis of maleic anhydride indicates a bearish score of -1. The article highlights that the maleic anhydride market in Shandong is experiencing weak consolidation, with solid maleic anhydride ex-factory prices at 8,000–8,200 yuan/ton and liquid maleic anhydride ex-factory prices around 7,600–8,000 yuan/ton. The auction transaction price in Yantai dropped to as low as 7,400 yuan/ton, while auction transaction prices in East China continued to decline. This reflects weak demand and increasing supply pressure, with transaction prices falling below the ex-factory price range, indicating insufficient market buying interest. This generally exerts bearish pressure on the spot price of maleic anhydride, potentially leading to short-term downward price pressure.