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United StatesMaleic Anhydride (Industrial Grade) prices across Asia exhibited a mixed pattern during Q1 2025. In China (FOB Qingdao), prices started with a decline in January due to weak downstream demand from the unsaturated polyester resin (UPR) and coatings industries amid subdued construction activity. However, February brought a short-lived rebound as manufacturing activity resumed post-Lunar New Year holidays, lifting sentiment slightly. March saw another dip as inventory pressure and lacklustre export demand weighed on the market. Meanwhile, South Korea and USA showed varying trends, with USA witnessing consistent increases in February and March on the back of healthy offtake from alkyd resin and lubricant additive manufacturers. The Taiwan and Malaysia markets fluctuated due to differing feedstock cost trajectories and regional demand uncertainty, particularly in coatings and adhesives. Germany showed improvement by March, supported by restocking activity in the pharmaceutical and agrochemical intermediates segment. The quarter concluded with FOB Qingdao prices closing at USD 844/MT.
In Q4 2024, the Maleic Anhydride market shows decline and stagnancy in prices. As the holiday season approached, demand from the packaging and automotive sectors dropped, putting downward pressure on prices. Additionally, shifts in raw material costs also impacted on market stability. Overall, while Maleic Anhydride prices experienced fluctuations, the combination of rising demand and current production levels ensured that prices ended on a downward slope as the year concluded.
By early Q3 2024, the Maleic Anhydride prices in August stabilized at USD 961/MT, reflecting a modest increase of 1.18% from July 2024. This price stabilization was supported by a combination of steady demand and abundant supply in key markets, including the USA and Europe. Factors such as increased trading activity and improved logistical operations helped mitigate previous supply chain disruptions. However, ongoing geopolitical tensions and fluctuating energy prices continued to create uncertainty in the market, influencing pricing dynamics globally.
As we moved into Q2 2024, the Maleic Anhydride market in China saw a rebound, with prices climbing to USD 926/MT, reflecting a positive change of 2.16% from Q1. This increase was attributed to a resurgence in demand from the coating and plastics industries, as well as improved supply chain conditions. Additionally, an increase in trading activity in major manufacturing hubs like Malaysia and Germany contributed to the price rise. Global shipping challenges and an increase in freight rates added pressure, yet the overall market sentiment remained cautiously optimistic.
In Q1 2024, the global Maleic Anhydride market showed mixed signals, particularly in South Asia where prices in China were reported at USD 906/MT. This marked a decrease of 3.12% from the previous quarter. Factors contributing to this decline included lower demand in certain sectors and fluctuations in feedstock costs. Meanwhile, supply chain issues continued to create challenges, although the overall demand from industries like automotive and construction remained steady. The market in South Korea and Taiwan also reflected similar trends, with cautious buying patterns affecting prices across the region.
Maleic Anhydride prices continued their downward trajectory through Q1 2025. January, February, and March all recorded declines due to continued weakness in downstream demand from UPR, surfactants, and agricultural intermediates. Infrastructure project delays and slow recovery in construction resin applications further dampened demand. Imports via CIF Nhava remained competitive, putting additional pressure on domestic suppliers. The feedstock market remained relatively flat, offering no cost-driven support. The quarter closed at USD 1167/MT Ex-Kandla.
Q4 2024 was marked by a clear bearish tone for Maleic Anhydride prices across Indian regions. October and November both saw soft demand from the paints and coatings industries, while December reflected year-end stock clearance and minimal spot buying. Feedstock butane costs remained stable, providing no upward momentum. Import offers on CIF Nhava terms were aggressive, reflecting oversupply and weaker demand across Asia. Traders also avoided heavy bookings due to the fiscal year closure. The quarter closed at USD 1079/MT Ex-Ahmedabad.
In Q3 2024, Maleic Anhydride prices remained mostly subdued amid persistent supply pressure and sluggish demand. July’s decline reflected weak UPR and agricultural chemical demand. August saw a brief uptick with resumed activity post-monsoon, especially in the construction adhesives segment. However, by September, prices dipped again due to competitive imports from the Middle East and South Korea and lackluster local buying. CIF Nhava imports were stable but discounted to attract volume deals. The quarter closed at USD 1129/MT Ex-Kandla.
During Q2 2024, Maleic Anhydride prices followed a mixed trajectory. April recorded a price rise driven by improved demand from lubricant and coating resin manufacturers. However, May saw a decline due to ample stock and weak industrial coatings demand. June brought a recovery as feedstock butane prices firmed slightly, and resin demand picked up with the easing of monsoons. CIF Nhava offers were volatile as regional suppliers responded to feedstock shifts and global resin consumption trends. The quarter closed at USD 1261/MT Ex-Ahmedabad.
Maleic Anhydride prices in India exhibited a volatile pattern during Q1 2024. A decrease in January was followed by a sharp increase in February due to restocking activities and downstream demand from the unsaturated polyester resin (UPR) segment. However, the trend reversed in March due to a slowdown in construction activity and the increased availability of cheaper imports. CIF Nhava Sheva imports saw similar fluctuations, driven by changing Asian supply and weak resin production. The quarter reflected uncertainty in demand recovery across core end-use sectors. The quarter closed at USD 999/MT Ex-Kandla.
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Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Maleic Anhydride is a versatile chemical compound produced through the oxidation of hydrocarbons, primarily from n-butane or benzene. It is used in the manufacturing of resins, coatings, and plasticizers due to its reactivity and ability to enhance performance properties. Maleic Anhydride is valued for its effectiveness and ease of integration into various applications.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
|
Inspection Items |
Standard |
Result |
Conclusion |
|
| Solid anhydride | ||||
| Purity% |
≥ 99.5 |
99.62 |
Qualified |
|
| Hazen Molten colour |
≤25 |
15 |
Qualified |
|
| Crystallization Point /℃ |
≥ 52.5 |
52.55 |
Qualified |
|
| Ignition residue |
≤0.005 |
Not detected |
Qualified |
|
| Iron/(ppm)
|
2 |
1 |
Qualified |
|
| Conclusion
|
Qualified | |||
Applications
Maleic Anhydride (MA) is a versatile chemical widely used in various industries due to its reactivity, effectiveness, and cost-efficiency. Its most common applications include the production of resins and polymers, such as unsaturated polyester resins used in fiberglass and coatings. In construction, Maleic Anhydride is utilized in adhesives and sealants, providing strong bonding and durability. The automotive industry employs Maleic Anhydride in the formulation of plasticizers and composite materials. Additionally, Maleic Anhydride is a key component in agricultural products, enhancing the performance of fertilizers and crop protection agents.
The price of Maleic Anhydride is influenced by several factors, including the cost of raw materials like Butane and Benzene, fluctuations in crude oil prices, and transportation and logistics costs. Additionally, demand from key end-use industries such as automotive, coatings, and plastics plays a significant role. Supply chain disruptions, geopolitical events, and environmental regulations can further impact pricing dynamics. Understanding these factors is crucial for effective procurement strategies.
Feedstock availability is critical in determining Maleic Anhydride pricing. When there are shortages or production disruptions due to weather conditions, political instability, or regulatory changes, prices often increase. Conversely, an abundant supply of feedstock or improvements in production efficiency can lead to price decreases. Procurement heads should closely monitor feedstock markets and trends to manage costs and ensure stable supply.
Maleic Anhydride prices can vary significantly across different regions due to factors like production capacity, feedstock availability, and local demand. For instance, prices in China may differ from those in Germany or the USA due to varying manufacturing capabilities and market conditions. Understanding these regional price differences allows procurement teams to optimize their sourcing strategies, potentially identifying cost-effective markets and ensuring a stable supply chain.
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