Renewed fighting between US and Iran has slowed shipping through the Gulf of Hormuz, disrupting supply routes. Benchmark crude prices have climbed sharply from pre-conflict levels, reflecting heightened geopolitical risk. The upward price pressure is likely to continue while tensions persist.
Intensified US-Iran military actions disrupt oil shipments through the Strait of Hormuz, causing a sharp spike in crude oil prices. The price jump leads to severe depreciation of the Indian rupee, raising import costs and inflationary concerns.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Maleic Anhydride | China | FOB | USD 1,175.42/MT | May 2026 |
| Maleic Anhydride | India | CIF | USD 1,242.76/MT | May 2026 |
| Maleic Anhydride | USA | FOB | USD 1,361.95/MT | May 2026 |
| Maleic Anhydride | Germany | FOB | USD 1,455.40/MT | May 2026 |
| Maleic Anhydride | Canada | CIF | USD 1,574.59/MT | May 2026 |
| Maleic Anhydride | China | FOB | USD 1,179.48/MT | April 2026 |
| Maleic Anhydride | India | CIF | USD 1,229.36/MT | April 2026 |
| Maleic Anhydride | USA | FOB | USD 1,400.59/MT | April 2026 |
| Maleic Anhydride | Germany | FOB | USD 1,305.48/MT | April 2026 |
| Maleic Anhydride | Canada | CIF | USD 1,266.48/MT | April 2026 |
Stay updated with the latest Maleic Anhydride prices , historical data, and tailored regional analysis
Asia
In China, the monthly average Maleic Anhydride price was ~RMB 8.45/kg in April and around RMB 8.42/kg in the subsequent month, showing a decrease of ~0.3%. Prices remained relatively steady due to cautious industrial demand which was balanced out by better procurement, low inventory levels and lower operation rates in some production plants over May and June. Another factor that helped the market was increased feedstock and energy costs driven by volatility in the crude and petrochemicals market. In India, the monthly average Maleic Anhydride price was ~INR 105.23/kg in April and around INR 106.38/kg in the subsequent month, showing an increase of ~1.1%. The increase was driven by elevated feedstock costs and firmer Asian sentiment as Chinese prices recovered toward the end of the quarter.
Europe
In Germany, the monthly average Maleic Anhydride price was ~EUR 1.12/kg in April and around EUR 1.25/kg in the subsequent month, showing an increase of ~11.5%. Increased energy and feedstock costs raised production costs thereby helping prices despite the sluggish manufacturing environment and conservative purchases. Weak downstream demand however constrained the ability of manufacturers to effect large price hikes.
North America
In the USA, the monthly average Maleic Anhydride price was ~USD 1,400.59/MT in April and around USD 1,361.95/MT in the subsequent month, showing a decrease of ~2.8%. The fall in prices was attributed to plentiful supply of petrochemical feedstock and crude stocks which insulated the market from the more pronounced rise in costs. Downstream demand and supply factors further limited price gains.
Analyst Insight
According to Procurement Resource, in the near term, maleic anhydride prices are expected to remain range-bound, with feedstock volatility and downstream resin demand continuing to shape market direction.
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Asia
In the Asian market, average Maleic Anhydride prices increased significantly in Q1 2026, with China FOB prices rising by nearly 52% from USD 737.83/MT in January to USD 1,121.85/MT in March. At the beginning of the quarter, low trading activity and Spring Festival shutdowns kept the market stable amid weak demand. However, prices strengthened due to elevated production costs and tightening supply conditions. In March, geopolitical developments and escalated tensions between Iran and the USA increased feedstock costs and further affected supply, resulting in reduced spot availability as suppliers remained reluctant to sell. Downstream sectors, including unsaturated resins, paints, and plastics, resumed normal operations, although purchasing sentiment stayed cautious. India reflected a similar trend to China, with import dependence exposing the domestic market to higher Maleic Anhydride prices.
Europe
In Q1’26, the European market for maleic anhydride witnessed a price increase due to rising feedstock prices and constrained supplies. Volatile energy prices increased the cost of manufacturing, coupled with logistical issues impacting the supply side. Moderate levels of demand continued in downstream applications such as resins and coatings, although buyers refused any further rises in prices.
North America
In North America, prices also strengthened during the quarter due to rising feedstock costs and supply-side constraints during the first quarter of 2026. Increased costs of hydrocarbons and logistics supported price levels, while stable production did not fully offset supply tightness. Demand from construction-related chemicals and plastics remained steady but cautious, with buyers avoiding bulk purchases due to high price levels.
Maleic Anhydride, a cyclic anhydride of maleic acid, is a white crystalline solid with an acrid odour, but remains liquid or gas during production. Two acid carbonyl groups and a double bond is present in its structure, which make it useful for broad industrial applications. It derives from natural malic acid. Maleic anhydride and maleic and fumaric acids were first prepared in the 1830s. However, their production at commercial scale did not begin until a century later.
C4H2O3
Manufacturing of unsaturated polyester resins (UPR), Bathroom fixtures, Automobiles, Tanks, Pipes, Spandex fibres, Thermoplastic polyurethanes, Artificial sweeteners and flavouring agents, Hair sprays, Adhesives and floor polishes
108-31-6, cis-Butenedioic anhydride , 2,5-Furanedione , Maleic Acid Anhydride, Toxilic Anhydride
Lanxess AG, Huntsman Corporation, MOL Group, Nippon Shokubai Co., Ltd
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In both the routes, butane and benzene are fed into a stream of hot air, and they are passed through a catalyst bed at much higher temperatures. While vanadium pentoxide and molybdenum trioxide serve as a catalyst for the benzene route, vanadium phosphate is utilised for the butane route.
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This report presents a detailed cost analysis of maleic anhydride production from benzene.
This report presents a detailed cost analysis of maleic anhydride production from butane using the partial oxidation process.
This report presents a detailed cost analysis of Succinic Acid production from maleic anhydride via a typical hydrogenation process.
This report presents a detailed cost analysis of 1,4-Butanediol production from maleic anhydride. In this process, maleic anhydride is first converted to the methyl maleate ester.
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