October 12th news
According to the SpotCom AI assistant, this analysis is based on the spot average price data, with the latest available data up to October 11, 2026. It is recommended to refer to real-time data. Using the mean difference analysis method, it is determined that the current maleic anhydride is in a rebound phase of a volatile and bearish trend, with prices in the high range of the past 1-year cycle. The upward momentum is insufficient, and there is a need to be cautious about the risk of a pullback. The following is the detailed analysis.
I. Data on Changes in Finite Differences
| Mean Difference Indicator | Value on October 11, 2026 | Value on October 10, 2026 | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference (D5) | 10.00 | 20.00 | - |
| 10-Day Mean Difference (D10) | 20.00 | 15.00 | + |
| 20-Day Mean Difference (D20) | 70.00 | 80.00 | - |
II. Signals and Trend Assessment
Signal Status: The current combination of three difference change symbols is (－, ＋, －), which indicates a rebound (bearish) signal.
Trend Conclusion: The current maleic anhydride price trend in China is fluctuating. The reason 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 does not meet the criteria for a clear upward or downward trend. The signal attributes are bearish.
III. Price Position and Reference for Upside and Downside Potential
Maleic anhydride 60-day, 3-month, and 1-year cycle prices are all at high levels (corresponding to the 5th tier in a 5-tier classification), with prices in the top 20% range of the cycle, indicating limited room for further increases.
IV. Recent Market Developments
From October 8 to 10, 2026, the maleic anhydride market in Jiangsu and Shandong provinces continued to rise. The factory price of solid maleic anhydride increased from the 9,000–9,500 CNY/ton range to 9,300–9,700 CNY/ton, while the factory price of liquid maleic anhydride climbed from 8,900–9,100 CNY/ton to 9,400–9,500 CNY/ton. The primary drivers of this price hike were upward pressure on upstream n‑butane prices and the pass‑through of price adjustments by major producers.
Five, Reference of the Industrial Chain in China
Upstream: hydrogenated benzene, n-butane, coking benzene, liquefied petroleum gas, and pure benzene
Downstream: polyaspartic acid, tetrahydrophthalic anhydride, succinic acid, gamma-butyrolactone, unsaturated polyester resins, tetrahydrofuran, 1,4-butanediol
VI. Price Trends Over the Past Year
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
