April 10th News: On April 10th, Yantai Wanhua's maleic anhydride auction: The East China session had an auction volume of 150 tons, with 0 tons traded. Chempricehub's analysis of maleic anhydride, bullish/bearish score: -1. On April 10th, the entire 150 tons of maleic anhydride in the East China session failed to be traded, indicating weak market demand and strong buyer sentiment of wait-and-see. This reflects the current ample market supply or insufficient downstream demand, exerting significant downward pressure on the spot price of maleic anhydride and bearish for the short-term market. The failed auction may trigger sellers to reduce prices for promotions, exacerbating the downward trend in spot prices.
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