October 15th News
According to the Xianhuotong AI assistant, based on the latest spot data as of October 14, 2026, the current maleic anhydride price spread signal indicates strong consolidation (leaning bullish). In the short term, prices are expected to remain volatile but generally firm; however, over the full cycle, prices have already reached historically high levels, leaving limited room for further gains. Market participants should closely monitor upstream raw material price fluctuations and downstream demand dynamics.
I. Data Description
The most recent available data is up to October 14, 2026. It is recommended to refer to real-time data.
II. Table of Finite Differences
| Mean Difference Indicator | Today’s Value (2026.10.14) | Yesterday’s Value (2026.10.13) | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference (D5) | 80.00 | 120.00 | - |
| 10-Day Mean Difference (D10) | 75.00 | 60.00 | + |
| 20-Day Mean Difference (D20) | 77.50 | 75.00 | + |
III. Signals and Trend Assessment
Signal status judgment: Strong consolidation (bullish)
Trend Direction Conclusion: Stronger-than‑normal range-bound movement. Reason: The three mean‑difference indicators did not all change in the same direction as the previous day, meeting the criteria for a ranging market; moreover, the sequence of sign changes—(–, +, +)—points to a strong consolidation phase (leaning bullish).
IV. Positional Spatial Reference
Maleic anhydride 60-day, 3-month, and 1-year cycle prices are all in the 5th tier (the highest 20% range within the cycle), indicating limited room for further increases.
Five, Recent Market Dynamics in China
October 9-12, supported by the rise in the price of n-butane, the prices of maleic anhydride in Shandong and Jiangsu provinces in China continued to increase; from October 13-14, the markets in both regions entered a consolidation phase, with solid anhydride factory prices stabilizing in the range of 9,500-9,900 CNY per ton. The factory price for liquid anhydride in Shandong was 9,200-9,400 CNY per ton, and in Jiangsu, it was 9,600-9,700 CNY per ton, with the main factories maintaining stable prices.
VI. Industry Chain Reference
Upstream commodities: hydrogenated benzene, n-butane, coke benzene, liquefied gas, pure benzene
Downstream products: polyaspartic acid, tetrahydrophthalic anhydride, succinic acid, gamma-butyrolactone, unsaturated polyester resins, tetrahydrofuran, 1,4-butanediol
VII. Price Trend Chart for the Past Year
Eight, Risk Warning
The above analysis is for reference only and does not constitute trading advice.
