October 16th, Xinhua News Agency reported
According to the SpotCom AI assistant, this daily report is based on the latest spot average price and market transaction data of maleic anhydride as of October 15, 2026. Using the core framework of the mean difference method, it provides an objective analysis of the short-term price trend, fluctuation range, and market operation of maleic anhydride: currently, the short-term trend of maleic anhydride shows a feature of volatile but slightly bullish, with prices at a high level within the last year's cycle. The mainstream quotation in the spot market has remained stable for three consecutive days after rising on October 12, and the overall trading atmosphere is stable.
I. Table of Finite Differences
| Difference Type | Value on October 15, 2026 | Value on October 14, 2026 | Direction of Change |
|---|---|---|---|
| 5-Day Difference (D5) | 40 | 80 | - |
| 10-Day Difference (D10) | 90 | 75 | + |
| 20-Day Difference (D20) | 80 | 77.5 | + |
II. Signal State Determination
The current combination of mean difference change symbols is (－, ＋, ＋), which belongs to a strong consolidation (biased towards bullish) signal.
III. Conclusions on Trend Directions
The current price trend is oscillating (with a bullish bias). The rationale for this judgment is: the changes in the three mean differences from the previous day are not entirely consistent, which does not meet the criteria for a clear upward or downward trend. Therefore, it is judged to be an oscillating trend. Combined with the characteristics of the symbol combination, the overall trend is oscillating with a bullish bias.
IV. Positional Spatial Reference
Maleic anhydride 60-day, 3-month, and 1-year cycle prices are all in the 5th (highest) tier of the 5-tier range, with limited room for further increases.
Five, 1-year price trend chart
Six, Dynamics of the Spot Market in China
Jiangsu region: Following a price increase for maleic anhydride on October 12, market conditions remained stable from October 13 to 15. The factory‑gate price for solid maleic anhydride was RMB 9,500–9,900 per ton, while that for liquid maleic anhydride stood at RMB 9,600–9,700 per ton, with major producers maintaining steady pricing.
In the Shandong region, after the increase in maleic anhydride prices on October 12, the market was stable from October 13-15. The factory price for solid anhydride was 9,500-9,900 CNY/ton, and for liquid anhydride, it was 9,200-9,400 CNY/ton, with major factories maintaining steady prices.
Seven, the upstream and downstream links of the industrial chain in China
Upstream commodities: hydrogenated benzene, n-butane, coking benzene, liquefied gas, and pure benzene. Recently, the prices of upstream raw materials such as n-butane, liquefied gas, and pure benzene in China have been at high levels, providing strong cost support for maleic anhydride.
Downstream products: polyaspartic acid, tetrahydrophthalic anhydride, succinic acid, gamma-butyrolactone, unsaturated polyester resins, tetrahydrofuran, 1,4-butanediol. Overall downstream demand in China is stable.
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
