September 23 report:
According to the SpotCom AI assistant, this market analysis is based on the latest monitoring data as of September 22, 2026. The current maleic anhydride price is at a high level within the past 1-year cycle. The mean difference signal indicates that the market is in a weak rebound with a bearish bias. There is no clear unilateral upward or downward trend in the short term, and the market is mainly characterized by consolidation. High prices of upstream raw materials such as pure benzene and liquefied gas provide cost support, but procurement in downstream sectors such as unsaturated resins and tetrahydrofuran is primarily driven by rigid demand, limiting the overall upward potential.
I. Table of Finite Differences
| Difference Type | Today’s Value (2026.09.22) | Yesterday’s Value (2026.09.21) | Direction of Change |
|---|---|---|---|
| 5-Day Difference (D5) | -30.00 | -115.00 | + |
| 10-Day Difference (D10) | 86.25 | 175.00 | - |
| 20-Day Difference (D20) | 568.12 | 586.87 | - |
II. Signal State Determination
The current average difference change combination is (+, -, -), which belongs to a weak rebound (bearish) signal.
III. Conclusions on Trend Direction
The current price trend is fluctuating. The reason for this judgment is that the changes in the 5-day, 10-day, and 20-day moving averages compared to the previous day are not entirely consistent, which meets the criteria for a fluctuating market. Considering the performance of the spot market, from September 21 to 22, maleic anhydride in Jiangsu and Shandong regions of China ended their previous downward trend and turned to consolidation. In Jiangsu, the factory price of solid maleic anhydride is 8700-9000 CNY/ton, and the factory price of liquid maleic anhydride is 8700-8800 CNY/ton. In Shandong, the factory price of solid maleic anhydride is 8700-9000 CNY/ton, and the factory price of liquid maleic anhydride is 8400-8500 CNY/ton. Market transactions are mainly driven by rigid demand, with no clear one-sided driving factors.
IV. Positional Spatial Reference
Maleic anhydride's price over the past year is in the 5th tier (high position), with limited room for further increases. If there are no unexpected positive developments in downstream demand, there will be insufficient momentum for prices to rise further, and a temporary correction may occur.
Note: The most recent data available as of September 22, 2026; real-time data is recommended.
Five, the price trend chart of the past 1 year in China
VI. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
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