Maleic Anhydride prices in the U.S. fell by USD xx/MT this week. Despite a xx increase in spot market prices for normal butane, keeping cost pressures consistent throughout the month, downstream demand for Maleic Anhydride remained weak. This persisted even after the U.S. Federal Reserve signaled potential interest rate cuts. The export demand for Unsaturated Polyester has also declined due to strikes at U.S. East Coast ports by ILA workers, which have indefinitely halted trading and delivery operations.
Business confidence in the U.S. has dropped, driven by weakening exports and sluggish domestic demand. Labor market data from the Bureau of Labor Statistics showed that both pending orders and the supply of construction labor have remained low. One market participant noted that financing costs remain high, and disruptions in feedstock supply continue to apply cost pressure. Additionally, elevated corporate and household debt levels have discouraged consumption of Unsaturated...
