Maleic Acid Price Trend and Forecast

Regional Price Trend

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 First Half of 2023

Asia

The first quarter of 2023 proved to be favorable for the rise in maleic acid prices. Severe disruptions in the supply chains and low rates of production led to the scarcity of feedstock materials in the region, and with the onset of the Lunar New Year holiday season in China, the market activities slowed down. However, the intercontinental demand rose significantly, and with less availability of the product, the price trend of maleic acid inclined. In the second quarter, the price trend fell abruptly amid severe fluctuations in economic conditions. The demand from end-user industries dipped, and the supply of the product remained constrained, which eventually negatively impacted the prices of maleic acid.

Europe

The European market of maleic acid continuously declined in the first two quarters of 2023 as the feedstock costs declined significantly in these quarters. Also, with the rise in inflation rates and energy costs, the industrial outlook in the region suffered adversely. In the second quarter, the decline in cargo charges and strikes of labor workers led to disruptions in the logistic chains along with the shutting down of some significant production chains. Hence, the prices of maleic acid took a dip.

North America

The operational rates of maleic acid remained weak throughout the first quarter of 2023 amid the feeble demands. As seen in the European region, the sliding cost of cargo and interruptions in the supply chain also contributed to the fall in the prices of maleic acid. The second quarter witnessed soaring rates of inflation due to the ongoing financial crises after the shutting down of two major US banks. The feedstock and upstream sectors also failed to provide the required support, and as a result, the prices of maleic acid continued to decline in the second quarter.

Analyst Insight

According to Procurement Resource, the price trend of maleic acid is expected to depict a falling trajectory with a fall in downstream demand and rising inflation levels.

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.