April 13, 2024 — On April 13, the maleic anhydride market in Shandong region experienced a downward trend. The ex-factory price of solid maleic anhydride hovered around 7,500–7,800 yuan per ton, while the ex-factory price of liquid maleic anhydride ranged around 7,400–7,600 yuan per ton. Prices from major producers fell significantly.

Chempricehub's analysis of maleic anhydride assigns a bearish score of -2. The report indicates that on April 13, 2024, the maleic anhydride market in Shandong region declined, with the ex-factory price of solid maleic anhydride dropping to 7,500–7,800 yuan per ton and that of liquid maleic anhydride falling to 7,400–7,600 yuan per ton. Prices from major producers saw a sharp decrease. This reflects oversupply or weakening demand, putting downward pressure on spot prices.

The significant bearish score of -2 is attributed to the sharp price decline, which directly indicates intensified market pessimism. This may stem from increased inventory or weak downstream demand. In the short term, spot prices may continue to decline, exerting significant pressure on long positions.