March 17th News
On March 17th, the maleic anhydride market in Shandong region remained stable, with solid maleic anhydride ex-factory prices hovering around 7,400 yuan/ton and liquid maleic anhydride ex-factory prices around 7,250 yuan/ton. In East China, the auction was not fully concluded, and the transaction price dropped by 150 yuan/ton. Chempricehub analyzed maleic anhydride, giving a long-short score of -1.5. The article indicates that while solid maleic anhydride ex-factory prices in Shandong are at 7,400 yuan/ton and liquid maleic anhydride at 7,250 yuan/ton, the incomplete auction in East China and the 150 yuan/ton decline in transaction prices suggest insufficient market demand and oversupply, putting downward pressure on spot prices. This news constitutes a significant bearish impact on maleic anhydride spot prices, as the substantial price drop and sluggish transactions reflect a short-term market weakness trend.