October 14th report:
According to the Spotcom AI assistant, this report uses the method of mean difference analysis to conduct a professional assessment of the spot price trend of maleic anhydride. As of October 13, 2026, the spot price of maleic anhydride is at a high level in multiple cycles. The mean difference indicator shows that the market has entered a strong consolidation phase with a bullish bias, and the upside potential is relatively limited. Recently, the overall spot quotes in the main production areas of China have remained stable, with a significant cumulative price increase in early October, for reference by industry participants.
I. Explanation of the Latest Data
The latest available data is up to October 13, 2026, and it is recommended to refer to real-time data.
II. Table of Finite Differences
| Average Difference Type | Value as of 2026.10.13 (CNY/ton) | Value as of 2026.10.12 (CNY/ton) | Direction of Change |
|---|---|---|---|
| 5-Day Average Difference D5 | 120.00 | 160.00 | - |
| 10-Day Average Difference D10 | 60.00 | 45.00 | + |
| 20-Day Average Difference D20 | 75.00 | 72.50 | + |
III. Signal State Determination
The current combination of changes in the three differences compared to the previous day is (－, ＋, ＋), which aligns with the strong consolidation (bullish) signal in the oscillation classification.
IV. Conclusions on Trend Directions
The current price trend of maleic anhydride in China is judged to be fluctuating (with a bullish bias). The reasons are as follows: the 5-day moving average difference has decreased compared to the previous day, while the 10-day and 20-day moving average differences have increased. The changes in these three moving average differences are not completely consistent, which does not meet the criteria for a clear upward or downward trend. This indicates a strong consolidation phase within a fluctuating trend, with an overall bullish bias.
V. Positional Space Reference
Maleic anhydride prices are in the 5th tier (high, within the top 20% range of the cycle) for 60-day, 3-month, and 1-year periods, with limited room for further increases.
Six, Overview of the Recent Spot Market in China
On October 13, the maleic anhydride market in the main production areas of Shandong and Jiangsu in China was stable. The factory price of solid anhydride operated within the range of 9,500-9,900 CNY/ton, and the factory price of liquid anhydride operated within the range of 9,200-9,700 CNY/ton, with the main factories maintaining steady prices. In early October, due to the rise in the price of n-butane, the upstream raw material, many maleic anhydride factories in China raised their quotes consecutively, resulting in a significant cumulative price increase.
VII. Price Trend Chart for the Past Year
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
