The US Maleic anhydride market weakened throughout June as easing feedstock costs, comfortable supply conditions, and cautious downstream purchasing weighed on market sentiment. Lower Benzene and LPG costs reduced production expenses, allowing suppliers to offer more competitive quotations while maintaining stable operating rates. Improved shipping conditions and ample inventories further eased supply concerns, limiting the need for aggressive procurement. Demand from key downstream sectors, including unsaturated polyester resins, coatings, and industrial chemicals, remained subdued as buyers focused on meeting immediate production requirements rather than building inventories. Routine purchasing provided some support, but it was insufficient to offset the broader market weakness, resulting in softer trading conditions during the latter half of June. Looking ahead, analysts expect the Maleic anhydride market to remain under slight pressure during the first half of July. Continued softness in feedstock costs, balanced supply, and cautious downstream demand are likely to keep market sentiment weak unless unexpected supply disruptions or stronger restocking activity emerge.
