October 23rd, news from China
According to the SpotCom AI assistant, as of October 22, 2026, the Chinese maleic anhydride market ended its three consecutive days of weak consolidation, with factory prices in Shandong and Jiangsu regions collectively rising; from the perspective of the average difference indicator, the current maleic anhydride is in a weak rebound state with a bias towards oscillation, with prices at a high level in the nearly one-year cycle. Subsequent attention should be paid to the price changes of upstream raw materials such as pure benzene and liquefied gas, as well as the demand release in downstream areas such as unsaturated resins and 1,4-butylene glycol.
Corrected Maleic Anhydride Market Daily Report in China
I. Data Description
The latest available data for maleic anhydride in China is up to October 22, 2026. It is recommended to refer to real-time data.
II. Analysis of the Mean Difference Indicator
1. Average Deviation Change Table
| Difference Type | Value on October 22, 2026 | Value on October 21, 2026 | Direction of Change |
|---|---|---|---|
| 5-Day Difference (D5) | -25.00 | -35.00 | + |
| 10-Day Difference (D10) | -12.50 | -7.50 | - |
| 20-Day Difference (D20) | 96.25 | 111.25 | - |
2. Signal status determination
The current combination of three deviation change directions is (+, -, -), corresponding to a weak rebound (bearish) signal.
3. Trend Direction Conclusion
The current price trend is oscillating. Reason: The directions of the three mean differences compared to the previous day are not entirely consistent, which does not meet the criteria for a clear upward or downward trend. Therefore, it is determined to be an oscillating trend with an overall bearish attribute.
III. Price Level and Upside/Downside Potential
Maleic anhydride 60-day, 3-month, and 1-year cycle prices in China are all at the 5th level (high position), with limited room for further increases.
IV. Price Trends Over the Past Year
Five, Market and Industry Chain Dynamics
Regional Market Dynamics:
Shandong region: On October 22, the factory price for solid maleic anhydride was RMB 9,300–9,700 per ton, while the factory price for liquid maleic anhydride was RMB 8,900–9,200 per ton; major producers raised their listed prices. Prior to this, from October 19 to 21, the market had been in a weak consolidation phase, with factory prices declining consecutively.
Jiangsu region: On October 22, the factory price for solid maleic anhydride was RMB 9,300–9,700 per ton, while the factory price for liquid maleic anhydride was RMB 9,300–9,500 per ton; major local producers have raised their quoted prices. Prior to this, from October 19 to 21, the market had been in a weak consolidation phase, with factory prices declining consecutively.
Supply chain upstream and downstream reference:
Upstream: hydrogenated benzene, n-butane, coking benzene, liquefied gas, and pure benzene; currently, the prices of liquefied gas and pure benzene in China are both at high levels, providing strong cost support for maleic anhydride.
Downstream: polyaspartic acid, tetrahydrophthalic anhydride, succinic acid, gamma-butyrolactone, unsaturated polyester resins, tetrahydrofuran, 1,4-butanediol. The overall downstream demand in China is stable, mainly characterized by rigid demand procurement.
Six, Risk Warning
The above analysis is for reference only and does not constitute trading advice.
