Maleic Anhydride Price Trend and Forecast

Maleic Anhydride Regional Price Overview

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

 

Maleic Anhydride Price Trend for the Q1 of 2024

Product Category Region Price Time Period
Maleic Anhydride Chemicals USA USD 1300/MT March 2024
Maleic Anhydride Chemicals Europe USD 1200/MT March 2024


Stay updated with the latest Maleic Anhydride prices, historical data, and tailored regional analysis
 

Asia

In the Asia Pacific region, the market sentiments for maleic anhydride were not very positive during the first quarter of 2024. The procurement patterns suggested a consistent degradation of the price trend in the regional markets, especially India and China. Both upstream and downstream market dynamics were seen pushing the price trajectory negatively. This market behavior was concerning for the suppliers and manufacturers.
 

Maleic Anhydride Price Chart

Maleic Anhydride Price Trends

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The upstream manufacturing and processing costs were constantly ticking up. With feedstock benzene prices rising and energy costs inclining, the suppliers were left with very little to no margins. This forced them to push the prices. However, this sudden incline caused a demand depreciation in the maleic anhydride market. Inventories kept bulking up and started creating reverse pressure on the price graph. Because of this, the Asian price trend for maleic anhydride was mostly found to be oscillating in the downward direction.

Europe

The market situation for maleic anhydride in Europe was no different than in the Asian region. The prices were found to be struggling here as well amidst the lackluster market offtakes and consumer behavior. The region was still grappling with the ill effects of the Russia and Ukraine war, which already entered its third year this year. And similar disruptions in other international markets raised the troubles even more. The domestic trade volumes were insufficient to carry the price weight while the international trade was subjected to difficult shipping and exchange situations. Overall, a feeble market performance was experienced for maleic anhydride in the European markets.

North America

Compared to the global slowdown, the market situation in the American region was a little more stable at the beginning of the quarter in January’24. In the first half of the quarter, the supply and demand dynamics were more equal in America as the polyester, plastics, and automobile industries were still doing their part in maintaining the market balance. However, in the second half of the quarter, the prices turned southward here as well mimicking the global trends. Along with the drooping demands, the constantly escalating upstream costs were also majorly unsettling for suppliers. Overall, a mixed price performance was seen in the American maleic anhydride market during the given time period of Q1’24.

Analyst Insight

According to Procurement Resource, the market projections do not look very positive for Maleic Anhydride moving forward. The current supply and demand outlooks are a little unstable and weak.
 

Maleic Anhydride Price Trend for the October - December of 2023

Asia

The momentum with which the maleic anhydride market started the fourth quarter could not be sustained in the later stages, and thus, after registering a significant uptick, the maleic anhydride price trend faced southwards by the end of Q4. As the year approached its end, the manufacturing sector witnessed significant constraints in their budgets as the investors took on a pessimistic outlook.

This could further be attributed to the reduction in purchasing activities from the consumer sector and the consistent decline in the cost of feedstock materials. Similarly, towards the end phase, the seasonal fluctuations in the market ahead of a holiday season also had a major share in the downward spiral of maleic anhydride price trend.

Europe

The decline in the maleic anhydride price graph during the fourth quarter of 2023 was not as steep as observed in the previous quarters. The market incurred a rough start as the rates of procurement in the polymer and butanediol sectors dipped lower. However, there was a considerable rise in the cost of production due to inclining feedstock prices and rising inflationary pressure along with excessive expenditure on energy production.

As the quarter progressed, the shift in consumer dynamics was also seen along with the downstream industries. They also raised their spending appetite, and it thus proved to be a green signal for the rise in maleic anhydride price trend. Although there were some month-on-month variations in the prices due to supply constraints overall, the trajectory of maleic anhydride price trend moved swiftly.

North America

The economic factors that supported the Maleic Anhydride market in the previous quarter turned opposite in Q4 of 2023. The appreciation in US currency over Asian and the rise in the cost of crude oil, along with consumer interest in the Maleic Anhydride market, turned awry as the year approached its end. The North American region witnessed a downward trend in its raw materials such as benzene and maleic acid prices which could be attributed to a significant cause of the downfall of maleic anhydride price trend.

Analyst Insight

According to Procurement Resource, the price trend of Maleic Anhydride are expected to fluctuate in the upcoming months as the driving factors of the market seem to be under the pressure of challenging global economic conditions and dipping costs of production.
 

Maleic Anhydride Price Trend for the July - September of 2023

Asia

In the Asia Pacific, the forward movement of maleic anhydride price trend was supported by the rise in demand from the downstream industries such as polymer and chemicals industries. The supply of maleic anhydride was also stable during the third quarter of 2023.

This helped in maintaining the supply-demand equilibria. Further, severe fluctuations in the crude oil sector due to the restrictions imposed by OPEC+ and the decline in exports from the majority of oil-producing countries raised the cost of energy production and, in turn, the prices of maleic anhydride.

Europe

The supply of oil in the European countries suffered from the ill consequences of the Russia-Ukraine crisis, which resulted in the rise in the cost of production of maleic anhydride. The rates of inflation slowed down in the region, while the confidence of consumers returned in the market and helped in the rise of maleic anhydride price trend. However, the number of bulk orders of maleic anhydride was still negligible, suggesting the slow recovery of maleic anhydride market trend.

North America

In North America, the surge in the cost of upstream materials supported the growth of maleic anhydride prices. The downstream industries enjoyed a rise in their sales number, which in turn helped in the growth of maleic anhydride prices. The rise in labor wages and increase in prices of crude oil eventually resulted in the rise in the maleic anhydride prices trend.

Analyst Insight

According to Procurement Resource, the price trend of Maleic Anhydride are estimated to enjoy the rise in demand and forward movement of the global economy.
 

Maleic Anhydride Price Trend for the First Half of 2023

Asia

Maleic Anhydride observed mixed price trend in the first half of 2023. The price trend closely depended on the market demands from downstream automobiles, polyester, plastics, chemicals, etc. industries and the costs of feedstocks butane and benzene. As the market started reviving in China, the fresh demands caused the market to incline continuously in the first quarter.

But as the inventories started rising (with excess supplies), the demands didn’t incline in the same manner, leading the Maleic Anhydride prices on a downward trajectory in the second quarter. In the Indian domestic market, the average Maleic Anhydride prices inclined by almost 5% in Q1 and started dipping around April’23. Overall, the market sentiments remained mixed.

Europe

The European Maleic Anhydride market also witnessed similar fluctuating trend as the Asian market. The prices inclined in the first quarter owing to growing feedstock prices and higher demands, whereas the second quarter witnessed a declining pattern since the stocks piled up.

North America

In the North American market, with high inflation and rising interest rates amidst the collapse of two major banks, consumer sentiment was affected severely. With feeble downstream demands, the Maleic Anhydride observed low swinging price trend throughout the first half of 2023.

Analyst Insight

According to Procurement Resource, the price trend for Maleic Anhydride are expected to remain fluctuating in the upcoming months since the downstream demands continue to be riddled with uncertainties amid the current economic scenario.

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About Maleic Anhydride

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.

Maleic Anhydride Product Details

Report Features Details
Product Name Maleic Anhydride
Industrial Uses 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
Chemical Formula C4H2O3
Synonyms 108-31-6, cis-Butenedioic anhydride , 2,5-Furanedione , Maleic Acid Anhydride, Toxilic Anhydride 
Molecular Weight 98.06 g/mol
Supplier Database Lanxess AG, Huntsman Corporation, MOL Group, Nippon Shokubai Co., Ltd
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


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.

Maleic Anhydride Production Processes

  • Production of Maleic Anhydride via Vapour-Phase Oxidation of N-Butane or Benzene

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.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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