On February 5, the maleic anhydride market in Shandong region showed weak consolidation. The ex-factory price of solid maleic anhydride hovered around 4,900 yuan/ton, while the ex-factory price of liquid maleic anhydride remained near 4,650 yuan/ton. No transactions were concluded in the East China auction, with downstream demand primarily driven by rigid needs. PriceSeek's analysis of maleic anhydride assigned a bearish score of -1.5. The article noted that the maleic anhydride market in Shandong was in a weak consolidation phase, with solid maleic anhydride prices stabilizing around 4,900 yuan/ton and liquid maleic anhydride prices holding near 4,650 yuan/ton. However, the unsuccessful auction in East China and the limited downstream demand, driven mainly by essential needs, indicated relatively ample supply but weak demand, with insufficient buyer interest. The failed auction highlighted poor market liquidity and price pressure risks. Given the current stable but weak spot price trend, it is anticipated that maleic anhydride spot prices may face downward pressure in the short term. Therefore, the score of -1.5 reflects a generally bearish impact, primarily based on insufficient demand and the negative signal from the failed auction.