August 21 news
According to the SpotCom AI assistant, on August 20, 2026, the Chinese maleic anhydride market entered a consolidation phase, with prices from major factories in Jiangsu and Shandong remaining stable. Based on the analysis of average difference indicators, the current market is in a volatile state, showing a nature of a bullish rebound. Prices are at a high level within a 1-year cycle, with limited room for further increases. It is necessary to closely monitor the dynamic changes in supply and demand along the industrial chain.
I. Table of Mean Difference Changes
| Average Difference Type | Today's Value (2026-08-20) | Yesterday's Value (2026-08-19) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 5.00 | -52.50 | + |
| 10-day Average Difference (D10) | -25.00 | -42.50 | + |
| 20-day Average Difference (D20) | -113.75 | -113.75 | No Change |
II. Signal Status Determination
The directions of change in the three moving averages are not entirely consistent (the 5-day and 10-day moving averages rose compared to yesterday, while the 20-day moving average remained unchanged from yesterday), which is typical of a volatile market. Combined with the pattern of two positive changes and one unchanged, this suggests a strong rebound (leaning bullish, with a rebound nature).
Three, Conclusion on Trend Directions
The current maleic anhydride price is in a fluctuating trend. Reason: The 5-day and 10-day average differences have rebounded compared to yesterday, but the 20-day average difference remains unchanged. The changes in the three average differences are not completely unified, and there is no clear signal of a one-sided increase or decrease. The market shows a fluctuating pattern with a bias towards a rebound.
IV. Positional Spatial Reference
Maleic anhydride prices are at a high level in a 1-year cycle, with limited room for further increases; in the 60-day and 3-month cycles, they are at a moderately high level, with overall upward momentum being constrained. Subsequently, there is a need to be cautious of the risk of a pullback from these high levels.
5. Trend Chart Display
Six, Additional Market Conditions
Regional Market Update: On August 20, the maleic anhydride market in Jiangsu remained stable. The factory price for solid maleic anhydride was around 7,500–7,900 CNY per ton, while the factory price for liquid maleic anhydride was approximately 7,600–7,800 CNY per ton. In Shandong, the maleic anhydride market also remained stable, with the factory price for solid maleic anhydride hovering around 7,500–7,900 CNY per ton and the factory price for liquid maleic anhydride around 7,200–7,500 CNY per ton. Prices at major factories in both regions remained steady.
Industry Chain Association: The upstream of the maleic anhydride industry chain involves commodities such as hydrogenated benzene, n-butane, coking benzene, liquefied petroleum gas, and pure benzene; the downstream encompasses products including polyaspartic acid, tetrahydrophthalic anhydride, succinic acid, unsaturated polyester resins, and 1,4-butanediol.
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
