March 25th News — On March 25th, Wanhua Chemical's maleic anhydride auction in Yantai:

• East China session: auction volume 300 tons, all sold at 7,780 RMB/ton.
• Yantai session: first auction volume 150 tons, all sold at 7,770–7,780 RMB/ton; second auction volume 300 tons, all sold at 7,550 RMB/ton.

Chempricehub analysis of maleic anhydride, bullish/bearish score: -1.5
The auction results show that the East China session settled at 7,780 RMB/ton, while the first Yantai session settled at 7,770–7,780 RMB/ton. However, the price in the second session dropped sharply to 7,550 RMB/ton, indicating a significant decline. This reflects oversupply or weakening demand in the spot market, which may lead to short-term downward price pressure. The score of -1.5 (moderately bearish) is assigned due to the substantial price drop, though not yet extreme. It is recommended to monitor subsequent supply and demand changes.