March 16th — On March 16th, the maleic anhydride market in Shandong region experienced an upward trend. The ex-factory price of solid maleic anhydride hovered around 7,400 yuan/ton, while the ex-factory price of liquid maleic anhydride was approximately 7,250 yuan/ton. In East China, the auction transaction price surged significantly by 220 yuan/ton.

Chempricehub’s analysis of maleic anhydride indicates a bullish-bearish score of +1.5. The report highlights the rising market conditions for maleic anhydride in Shandong, with solid maleic anhydride ex-factory prices around 7,400 yuan/ton and liquid maleic anhydride ex-factory prices around 7,250 yuan/ton. The auction transaction price in East China saw a substantial increase of 220 yuan/ton. This suggests a tight supply-demand balance in the market, driven by strong demand or supply constraints, leading to a notable rise in spot prices. The score of +1.5 reflects a positive impact ranging from moderate to significant, indicating a substantial increase that is currently confined to regional markets and has not yet evolved into a nationwide major event.