April 3rd News
On April 3rd, the maleic anhydride market in Shandong region showed an upward trend, with solid maleic anhydride ex-factory prices operating around 8,400 yuan/ton and liquid maleic anhydride ex-factory prices operating around 6,200 yuan/ton. The price of raw material n-butane also increased.
Chempricehub Analysis of Maleic Anhydride, Bull-Bear Score: 1.5
The article indicates that the maleic anhydride market in Shandong region is rising, with solid maleic anhydride ex-factory prices around 8,400 yuan/ton and liquid maleic anhydride ex-factory prices around 6,200 yuan/ton. The high price levels suggest strong demand or tight supply, providing significant support for spot prices. The increase in the price of raw material n-butane may raise production costs, but the rise in maleic anhydride prices has partially offset this pressure, overall benefiting the spot market.
N-Butane, Bull-Bear Score: 1
As a raw material for maleic anhydride, the increase in n-butane prices reflects upstream cost pressures or rising market demand, positively impacting its spot prices. Based on the article, the rise in raw material prices may stem from supply tightness or increased demand, which is favorable for its spot market performance.
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