For the Quarter Ending June 2026
Maleic Anhydride Prices in North America
- In the USA, the Maleic Anhydride Price Index rose by 30.26% quarter-over-quarter, supported by higher feedstock costs during the early part of the quarter and firm demand from downstream resin and lubricant additive sectors.
- The average Maleic Anhydride price for the quarter remained elevated, reflecting strong pricing momentum through April and May before softening emerged toward the end of June.
- Maleic Anhydride Spot Price weakened in late June as abundant n-butane availability, easing energy costs, and lower upstream feedstock prices encouraged producers to reduce offers.
- Maleic Anhydride Price Forecast indicates near-term weakness as comfortable inventories, stable plant operating rates, and softer downstream demand are expected to limit price recovery.
- Maleic Anhydride Production Cost Trend declined toward the end of the quarter as lower n-butane and energy costs reduced manufacturing expenses, despite earlier feedstock-driven cost inflation.
- Maleic Anhydride Demand Outlook remained moderate, with unsaturated polyester resin, lubricant additive, and construction-related industries maintaining cautious procurement and purchasing mainly against contractual requirements.
- The Maleic Anhydride Price Index remained firmly positive on a quarterly basis as the strong gains recorded earlier in Q2 outweighed the correction observed during the final weeks of June.
- Improved Gulf Coast logistics, steady domestic production, and adequate inventories ensured sufficient product availability, while the normalization of maritime trade routes further eased supply concerns.
Why did the price of Maleic Anhydride change in June 2026 in North America?
- Abundant n-butane feedstock availability, lower gasoline, and energy costs, and easing upstream production expenses reduced cost support for Maleic Anhydride producers.
- Stable plant operating rates and comfortable inventories across the Gulf Coast increased product availability, encouraging suppliers to offer competitive prices.
- Downstream demand from unsaturated polyester resins, lubricant additives, and construction-related applications remained cautious, while normalized logistics and steady domestic supply further pressured spot prices.
Maleic Anhydride Prices in APAC
- In China, the Maleic Anhydride Price Index rose by 35.07% quarter-over-quarter, supported by stronger feedstock costs, healthy downstream demand during the early part of the quarter, and tighter import availability.
- The average Maleic Anhydride price for the quarter remained firm, reflecting elevated pricing through most of Q2 before a correction emerged in June.
- Maleic Anhydride Spot Price weakened in June as abundant domestic inventories, balanced operating rates, and lower benzene prices encouraged producers to offer discounts to clear stocks.
- Maleic Anhydride Price Forecast indicates continued near-term softness as comfortable inventories, subdued downstream demand, and cautious buying sentiment are expected to limit price recovery.
- Maleic Anhydride Production Cost Trend eased toward the end of the quarter as declining benzene prices reduced conversion costs, although environmental compliance expenses continued to provide underlying cost support.
- Maleic Anhydride Demand Outlook remained subdued as unsaturated polyester resin (UPR), coatings, and 1,4-butanediol manufacturers continued hand-to-mouth procurement amid weak consumption.
- The Maleic Anhydride Price Index remained supported by strong gains recorded during April and May, despite weaker spot activity and softer offers toward the end of June.
- Comfortable domestic production, stable operating rates, and adequate inventories ensured sufficient product availability, while export enquiries moderated after earlier front-loaded purchases.
Why did the price of Maleic Anhydride change in June 2026 in APAC?
- Abundant domestic inventories and steady operating rates across major Chinese producers reduced supply tightness, prompting sellers to lower offers to stimulate spot transactions.
- Benzene feedstock prices declined during June, easing production costs and weakening cost support for Maleic Anhydride pricing.
- Export enquiries slowed following earlier front-loaded purchases, while downstream buyers maintained hand-to-mouth procurement, limiting overall market demand.
Maleic Anhydride Prices in Europe
- In Germany, the Maleic Anhydride Price Index rose by 32.17% quarter-over-quarter, supported by elevated feedstock and energy costs during the early part of the quarter, along with temporary supply tightness caused by maintenance activities.
- The average Maleic Anhydride price for the quarter remained firm, reflecting strong gains during April and May before a notable correction emerged in the second half of June.
- Maleic Anhydride Spot Price declined sharply in late June as lower benzene prices, falling import replacement costs, and competitive overseas offers pressured domestic quotations.
- Maleic Anhydride Price Forecast indicates continued near-term softness as comfortable inventories, lower feedstock costs, and cautious downstream procurement are expected to limit any meaningful recovery.
- Maleic Anhydride Production Cost Trend softened toward the end of the quarter as declining benzene prices reduced manufacturing costs, although elevated energy expenses and environmental compliance costs continued to provide some underlying support.
- Maleic Anhydride Demand Outlook remained subdued as unsaturated polyester resin (UPR), 1,4-butanediol, lubricant additive, and automotive-related industries maintained cautious purchasing amid weak end-user demand.
- The Maleic Anhydride Price Index remained positive on a quarterly basis as the strong price gains recorded during April and May outweighed the sharp correction witnessed in June.
- Stable domestic production, adequate import availability, and smooth inland logistics maintained comfortable supply levels, while declining import replacement costs intensified competition among suppliers.
Why did the price of Maleic Anhydride change in June 2026 in Europe?
- Benzene feedstock prices declined significantly during June, reducing production costs and weakening cost support for Maleic Anhydride producers.
- Lower import replacement costs and competitive export quotations from major supplying regions intensified pricing pressure, encouraging suppliers to reduce domestic offers to remain competitive.
- Weak downstream demand from the unsaturated polyester resin, automotive, and lubricant additive sectors, combined with comfortable inventories and cautious procurement, limited buying interest and accelerated the late-quarter price correction.
For the Quarter Ending March 2026
Maleic Anhydride Prices in North America
- In USA, the Maleic Anhydride Price Index rose by 2.65% quarter-over-quarter due to tightening supply.
- The average Maleic Anhydride price for the quarter was approximately USD 1265.33/MT, indicating balanced demand.
- Maleic Anhydride Spot Price tightened as limited prompt volumes pushed US Price Index higher.
- Maleic Anhydride Production Cost Trend rose with benzene and n-butane cost increases, compressing producer margins.
- Maleic Anhydride Demand Outlook stayed steady as UPR and lubricant consumption maintained routine contractual volumes.
- Maleic Anhydride Price Forecast shows upside risk from EPA compliance costs and feedstock supply constraints.
- Inventory tightened after mid-March outages and limited imports, reducing prompt availability and pressuring spot liquidity.
- Major US plants largely operated normally while one turnaround and compliance costs supported firmer offers.
Why did the price of Maleic Anhydride change in March 2026 in North America?
- Benzene and n-butane price increases raised variable costs, lifting domestic cash-cost floors and seller offers.
- A Gulf Coast unit outage reduced prompt availability while imports remained steady, tightening market balances.
- EPA NESHAP compliance obligations increased operating costs modestly, contributing to upward price pressures in March.
Maleic Anhydride Prices in APAC
- In Japan, the Maleic Anhydride Price Index rose by 7.79% quarter-over-quarter, due to tighter imports.
- The average Maleic Anhydride price for the quarter was approximately USD 1134.67/MT delivered into Tokyo.
- Maleic Anhydride Spot Price gains aligned with the Price Index amid constrained cargoes and offtake.
- Maleic Anhydride Production Cost Trend rose as benzene and n-butane increases lifted exporters' delivered costs.
- Maleic Anhydride Demand Outlook stays constructive as resin, THF and lubricant sectors replenish inventories steadily.
- Maleic Anhydride Price Forecast points to short-term firmness because limited spot parcels met term buying.
- Maleic Anhydride Price Index volatility reflected falling bonded inventories and exporters redirecting cargoes to buyers.
- Regional operating rates stayed normal while freight, insurance, and logistics risks intermittently increased delivered costs.
Why did the price of Maleic Anhydride change in March 2026 in APAC?
- Tighter imports from Korea and China reduced spot volumes, intensifying buyer competition and lifting offers.
- Higher benzene and occasional n-butane constraints increased production costs, transmitting margin pressure into delivered prices.
- Bonded inventories fell below seasonal averages while exporters prioritized term contracts, tightening available spot supplies.
Maleic Anhydride Prices in Europe
- In Germany, the Maleic Anhydride Price Index rose by 2.65% quarter-over-quarter, reflecting benzene-driven cost push.
- The average Maleic Anhydride price for the quarter was approximately USD 1289.00/MT, reflecting supply and demand.
- Maleic Anhydride Spot Price remained comfortable early quarter due to steady imports and balanced production.
- Maleic Anhydride Production Cost Trend showed benzene and energy tariff pressures increasing conversion cash costs.
- Maleic Anhydride Demand Outlook shows firm resin and packaging consumption supporting prices despite automotive shutdowns.
- Maleic Anhydride Price Forecast expects gains over coming months driven by restocking and export demand.
- Maleic Anhydride Price Index was bullish as composite resin offtake and export orders tightened availability.
- Inventories adequate overall, while import arbitrage reduced and regional orders firmed slightly, tightening near-term supply.
Why did the price of Maleic Anhydride change in March 2026 in Europe?
- Benzene feedstock surged sharply in March, materially increasing variable conversion costs across European producers regionally.
- Stronger export demand from Central-Eastern Europe absorbed available spot volumes, tightening local availability for Germany.
- Elevated natural-gas and power tariffs sustained higher operating expenses, limiting producers’ willingness to moderate offers.
For the Quarter Ending December 2025
North America
- In the USA, the Maleic Anhydride Price Index fell by 4.15% quarter-over-quarter, reflecting oversupply and weak downstream demand.
- The average Maleic Anhydride price for the quarter was approximately USD 1232.67/MT, per reported FOB assessments.
- Maleic Anhydride Spot Price weakened amid subdued export interest and competitive Asian offers, pressuring domestic seller confidence.
- Maleic Anhydride Price Forecast indicates modest monthly oscillations driven by seasonal demand and global capacity expansions.
- Maleic Anhydride Production Cost Trend remained flat as shale n-butane supply stayed ample, limiting upward margin pressure.
- Maleic Anhydride Demand Outlook remains subdued with construction and automotive restocking deferred amid regulatory and economic uncertainty.
- Inventory builds and steady imports restrained upward moves, keeping the Maleic Anhydride Price Index range-bound.
- Gulf-Coast units ran at near-nameplate rates, limiting volatility and tempering any rapid Maleic Anhydride market recoveries.
Why did the price of Maleic Anhydride change in December 2025 in North America?
- Balanced domestic production and steady imports created sufficient supply, exerting downward pressure on December assessments.
- Weak downstream resin demand and conservative procurement reduced offtake, reinforcing bearish sentiment across price assessments.
- Rising freight costs and isolated logistical congestion slightly supported values, offset by ample feedstock availability.
APAC
- In Japan, the Maleic Anhydride Price Index fell by 16.07% quarter-over-quarter, reflecting subdued demand conditions.
- The average Maleic Anhydride price for the quarter was approximately USD 1499.33/MT, per official assessment.
- Maleic Anhydride Spot Price remained range-bound amid steady imports and three-week average tracking near parity.
- Maleic Anhydride Price Forecast models indicate modest seasonally-driven oscillations amid persistent regional oversupply and buying.
- Maleic Anhydride Production Cost Trend showed upward pressure from marginal n-butane and energy cost increases.
- Maleic Anhydride Demand Outlook remains weak with subdued resin and automotive procurement restraining lifting activity.
- Inflation-adjusted Maleic Anhydride Price Index shows downward bias, inventories adequate, export competition pressuring domestic offers.
- Domestic plants operated normally while steady seaborne inflows kept inventories near norms, limiting bullish upside.
Why did the price of Maleic Anhydride change in December 2025 in APAC?
- Oversupply from seaborne inflows and competitive regional offers reduced spot buying and pressured December prices.
- Weak downstream demand from resins and automotive limited procurement, preventing inventory drawdown and price recovery.
- Marginal feedstock freight cost increases were insufficient to offset abundant supply and restrained buying appetite.
Europe
- In Germany, the Maleic Anhydride Price Index fell by 3.24% quarter-over-quarter, reflecting subdued downstream demand.
- The average Maleic Anhydride price for the quarter was approximately USD 1255.67/MT, reflecting balanced supply and muted buying.
- Maleic Anhydride Spot Price movement remained subdued with Price Index stability amid balanced inventories and limited speculative buying.
- Maleic Anhydride Price Forecast indicates mild volatility; Maleic Anhydride Production Cost Trend stayed flat due to steady n-butane quotations.
- Maleic Anhydride Demand Outlook points to weakened resin demand, pressuring Price Index despite normal domestic production levels.
- Maleic Anhydride Production Cost Trend remained muted due to stable feedstock and tempered energy costs, limiting upward Price Index pressure.
- Inventory replenishment along Rhine eased logistics constraints, supporting short-term availability while Price Index remained rangebound.
- Domestic producers operated at standard capacity; export flows from Benelux complemented supply, capping any upward Price Index momentum.
Why did the price of Maleic Anhydride change in December 2025 in Europe?
- Balanced domestic production and steady imports offset demand weakness, resulting in limited immediate price movement.
- Stable feedstock n-butane and capped energy costs restrained cost-push inflation for producers during December.
- Port congestion and berth constraints tightened short-term availability, supporting occasional upward spot pressure but overall demand remained weak.
For the Quarter Ending September 2025
North America
- In USA, the Maleic Anhydride Price Index rose by 5.07% quarter-over-quarter, supported by firm demand.
- The average Maleic Anhydride price for the quarter was approximately USD 1286.00/MT, showing balanced fundamentals.
- Maleic Anhydride Spot Price showed tightening as export flows reduced availability, pressuring the Price Index.
- Maleic Anhydride Production Cost Trend remained stable due to steady n-butane and benzene costs overall.
- Maleic Anhydride Demand Outlook indicates steady UPR and BDO consumption, with seasonal restocking tightening markets.
- Maleic Anhydride Price Forecast suggests modest near-term volatility amid maintenance schedules and changing export dynamics.
- Inventory levels and export demand balanced domestic availability, leaving the Maleic Anhydride Price Index range-bound.
- Major US producers operated at optimized rates, limiting outages and supporting Maleic Anhydride market conditions.
Why did the price of Maleic Anhydride change in September 2025 in North America?
- Softer downstream offtake from UPR and coatings reduced spot buying, applying mild downward pressure overall.
- Stable feedstock n-butane and benzene prices kept production costs contained, moderating upward price movements overall.
- Export flows and occasional maintenance-related constraints tightened spot availability, creating brief upward price impulses September
APAC
- In Japan, the Maleic Anhydride Price Index fell by 1.99% quarter-over-quarter, reflecting weak domestic demand.
- The average Maleic Anhydride price for the quarter was approximately USD 1786.33/MT, as reported regionally.
- Maleic Anhydride Spot Price softened as ample inventories and competitive regional imports limited price momentum.
- Maleic Anhydride Price Forecast indicates near-term range-bound weakness given subdued resin procurement and export competition.
- Maleic Anhydride Production Cost Trend remained subdued as n-butane and benzene provided limited cost-push support.
- Maleic Anhydride Demand Outlook stays weak with construction and automotive sectors tempering unsaturated resin offtake.
- Maleic Anhydride Price Index declines were aggravated by exporters offloading into domestic markets, compressing margins.
- Major domestic producers maintained high operating rates; export windows narrowed, sustaining oversupply and softening pricing.
Why did the price of Maleic Anhydride change in September 2025 in APAC?
- Ample domestic and import supply flooded inventories, reducing buying urgency and depressing spot offers industry-wide.
- Falling n-butane and benzene costs softened production cost pressures, removing sellers' ability to defend offers.
- Logistics improved as port congestion eased, but typhoon season and weak downstream demand constrained restocking.
Europe
- In Germany, the Maleic Anhydride Price Index rose by 6.19% quarter-over-quarter, driven by supply tightening broadly.
- The average Maleic Anhydride price for the quarter was approximately USD 1297.67/MT, reflecting balanced inventories.
- Maleic Anhydride Spot Price volatility remained limited as port congestion and Huntsman closure tightened availability, supporting Price Index.
- Maleic Anhydride Production Cost Trend stayed muted as benzene and n-butane costs were broadly stable, containing upward pressure.
- Maleic Anhydride Demand Outlook moderate with steady UPR and BDO consumption, though construction weakness limited stronger offtake.
- Maleic Anhydride Price Forecast from recent data suggests minor month-to-month oscillations driven by logistics and seasonal demand.
- Inventory buffers remained adequate yet export demand and import flows influenced spot availability and regional Price Index.
- Major producers operated steadily; Huntsman Moers closure reduced merchant volumes, elevating reliance on imports and affecting Price Index.
Why did the price of Maleic Anhydride change in September 2025 in Europe?
- Supply tightened due to Huntsman Moers closure and port and rail disruptions limiting inland distribution and cargo clearance.
- Demand remained steady but subdued from construction and automotive, restricting urgent restocking and capping upward price momentum.
- Logistics constraints and yard congestion increased delivery complexity and costs, prompting cautious trading and localized price differentials.
