On January 15th, Yantai Wanhua Maleic Anhydride Auction:
East China session auction volume: 150 tons, with 30 tons sold at a transaction price of 4,750 RMB/ton.
PriceSeek Analysis of Maleic Anhydride, Bull-Bear Score: -1
In this auction, only 30 tons were sold out of the 150 tons offered in the East China session, resulting in a transaction rate of just 20% at a price of 4,750 RMB/ton. This indicates weak demand from buyers in the market and insufficient purchasing interest, likely reflecting oversupply or reduced downstream demand. This signal exerts downward pressure on spot prices, and it is expected that the spot market will face pressure in the short term, with prices potentially weakening further.
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