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.
For the Quarter Ending June 2025
North America
- The Maleic Anhydride Price Index in North America rose by 2% in Q2 2025 compared to Q1, with the quarter marked by early softness and a strong rebound in June, resulting in a Q2 average of USD 1298/MT, FOB USGC.
- In April and early May, the Maleic Anhydride Price Index remained stable, reflecting tepid demand from UPR, automotive, and construction sectors amid inventory corrections and broader economic caution.
- By late May and through June, prices climbed steadily to USD 1320/MT, driven by a resurgence in UPR consumption across construction, electric vehicles, and marine composites, alongside tighter spot supply from increased exports and delayed imports.
- The Maleic Anhydride Demand Outlook improved in June, supported by seasonal construction activity, rising EV production, and demand for structural composites, lubricant additives, and BDO intermediates.
- The Maleic Anhydride Production Cost Trend was largely steady, with minimal volatility in feedstock n-butane and benzene, though rising logistics and port handling costs added mild pressure by June.
- Domestic supply was generally adequate, but tighter availability in June contributed to late-quarter bullishness in the Maleic Anhydride Price Index.
Why did the Maleic Anhydride Price change in July 2025?
- The Maleic Anhydride Price Index is expected to rise further in July 2025, due to sustained downstream demand from UPR sectors, higher inland freight and port congestion on the West Coast, and proactive restocking ahead of potential tariff policy shifts.
- The Maleic Anhydride Price Forecast for July remains upward-biased, with market sentiment supported by resilient downstream consumption and persistent logistical constraints.
Europe
- In Q2 2025, the Maleic Anhydride Price Index in the Netherlands displayed a mixed trend, closing the quarter with a 2% increase over Q1 2025, and an average assessed at USD 1236/MT, Liquid FD Amsterdam, supported by late-quarter bullish sentiment.
- April witnessed a decline in the Maleic Anhydride Price Index, reaching USD 1180/MT, as demand from the UPR and coatings sectors weakened. Simultaneously, congestion at key Rotterdam terminals (e.g., RWG and DELTA II) and workforce shortages disrupted inbound logistics, though domestic supply remained sufficient.
- In May, pricing stabilized due to contractual imports, buffered inventories, and stable downstream procurement, even as port congestion continued to slow terminal throughput.
- June brought a notable uptrend in the Maleic Anhydride Price Index, rising from USD 1195/MT to USD 1270/MT, triggered by tightened regional supply after Huntsman's MA plant shutdown in Germany. This prompted urgent restocking and elevated freight costs, restoring bullish sentiment among buyers and distributors.
- The Maleic Anhydride Demand Outlook improved in late Q2, supported by renewed offtake from the UPR and composites industries, construction-related resin demand, and pre-emptive buying in anticipation of worsening logistical constraints.
- The Maleic Anhydride Production Cost Trend remained mostly stable in Q2, with feedstock benzene and n-butane prices showing limited fluctuations. However, rising inland transport and port handling costs in June added to landed MA cost pressure.
Why did the Maleic Anhydride Price change in July 2025?
- The Maleic Anhydride Price Index is forecast to rise further in July 2025, driven by continued structural supply constraints from Huntsman’s German plant closure, compounded by low Rhine River levels affecting barge transport and inventory replenishment. Persistent demand from UPR producers adds additional upward pressure.
- The Maleic Anhydride Price Forecast for July suggests sustained bullishness unless regional supply disruptions ease or downstream demand unexpectedly softens.
- Overall, the Netherlands’ MA market in Q2 transitioned from early-quarter oversupply and soft demand to late-quarter tightness, creating upward pressure that is expected to carry into July under tightened logistics and curtailed regional production.
APAC
- The Maleic Anhydride Price Index in China rose 3.5% in Q2 2025 compared to Q1, yet the quarterly average slipped to USD 816/MT, FOB Ningbo, indicating a softening trend by the quarter’s end amid fluctuating supply-demand dynamics.
- Early Q2 witnessed a price increase supported by reduced supply from major producers like Wanhua and Hengli Petrochemical, along with moderate downstream restocking by unsaturated polyester resin (UPR) manufacturers.
- The Maleic Anhydride Production Cost Trend showed a consistent decline due to falling n-butane values throughout the quarter, gradually undermining producer margins and limiting price stability by late Q2.
- Demand from the UPR sector—China’s core downstream market—remained steady but unaggressive, with buyers avoiding forward commitments and preferring just-in-time procurement due to uncertain macroeconomic signals.
- By June, resumed operations at Qingdao Refining and other facilities increased domestic availability, outweighing shutdown effects and contributing to market saturation and downward pull on the Maleic Anhydride Price Index.
- Despite a seasonal lift in the automotive segment, weak performance in construction and coatings, along with global trade uncertainty and reduced NEV export momentum, constrained the Maleic Anhydride Demand Outlook.
- Export flows remained under pressure as international demand from India, Turkey, and Southeast Asia stayed soft, while elevated freight rates and tariff-induced hesitancy further limited overseas sales.
- Why did the Maleic Anhydride Price change in July 2025?
Prices are forecasted to decrease further in July 2025 due to abundant domestic supply following Q2 restarts, falling feedstock (n-butane) costs, and cautious downstream restocking behavior. The resin sector continues to show no signs of aggressive demand recovery, sustaining a bearish market sentiment.
- The Maleic Anhydride Price Forecast for early Q3 indicates additional downside unless production is curbed or resin sector demand revives sharply. China’s market is expected to consolidate at low levels unless upstream or policy shifts create cost support.
