Maleic Acid Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Maleic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Maleic Acid Price Trend for the Q1 of 2024

Asia

The maleic acid price trend was found to be depreciating throughout the said period in the Asian markets. This downfall is a direct consequence of rapidly falling customer interest in maleic acid. The manufacturers were struggling to keep up the supplies unrestricted in both domestic and international markets. The production costs were mounting which forced suppliers to limit the production volumes and observe the procurement more carefully.

Maleic Acid Price Chart

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The feedstock benzene was inching up in the region while the crude oil prices also inclined after OPEC+ announced a decline in their oil output at the time. Polymer and textile industries were facing a downfall of their own, which rippled the downfall in maleic acid prices as well. Supply chain curtailments were another factor that hindered international trade for the majority of the said period.

Europe

The maleic acid prices were seen falling in the European markets as well. Regional trade was subjected to economic stability and downstream consumption of maleic acid. However, the depreciation of the Euro against the US Dollar has already trampled customer behavior. The heightening of upstream rates and a downfall in end consumer purchases forced the maleic acid price curve down.

In Germany, the manufacturing sector saw major manufacturing shutdowns, some for maintenance purposes and others because of unsustainable supply and demand dynamics. The lackluster customer interest forced these manufacturers to shut down as the profit margins kept reducing. The various complex geopolitical and economic problems disturbed the complete trade balance of the region.

North America

The North American maleic acid prices were found to replicate the price trends of its Asian and European equivalents. The domestic trade still handled the market exchanges briefly in the early days of the quarter. However, the latter phase of the quarter witnessed a steep downfall in the American markets. This was a result of the overburdened inventories, which accumulated unsold stocks. Overall, variations were seen in the price trend throughout the said period.

Analyst Insight

According to Procurement Resource, the market situation for Maleic Acid is not likely to improve anytime soon since the market demands will take time to pick up again.

Procurement Resource provides latest prices of Maleic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.