August 13 news
According to the Spotcom AI assistant, on August 12, the maleic anhydride market in Jiangsu and Shandong regions of China maintained a weak consolidation pattern. The factory price for solid anhydride was 7,200-7,700 CNY/ton, and for liquid anhydride, it was 7,200-7,500 CNY/ton, with a strong wait-and-see sentiment from downstream buyers. The average difference indicator shows that the current market is in a clear downward trend, with prices at a high level within a 1-year cycle, limited room for increase, and short-term downward pressure emerging. It is necessary to closely monitor the fluctuations in upstream raw materials and the release of downstream demand.
I. Table of Mean Difference Changes
| Average Difference Type | Today's Value (August 12) | Yesterday's Value (August 11) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | -90 | -45 | - |
| 10-day Average Difference (D10) | -52.5 | -50 | - |
| 20-day Average Difference (D20) | -97.5 | -60 | - |
II. Signal State Determination
The current three deviations have all changed in a negative direction compared to the previous day, which is consistent with the characteristics of a clear downward trend signal.
III. Trend Direction Conclusions
The price trend is determined to be clearly declining, with the rationale being: the changes in the 5-day, 10-day, and 20-day moving average differences from the previous day are all consistently negative, meeting the requirement for a clear downward trend. The short-term market downtrend is evident.
IV. Positional Spatial Reference
Maleic anhydride 1-year cycle price is in a high range, while the 60-day and 3-month cycle prices are in a mid-high range. A high position indicates limited upside potential. Under the current downward trend, there is some room for short-term decline, but one should be cautious of a possible rebound after an oversold condition.
5. Trend Chart Display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
