Maleic Anhydride Price In USA
- United States: 1393 USD/MT (Liquid)
During the second quarter of 2024, the maleic anhydride prices in the United States reached 1393 USD/MT in June.
The latest report by IMARC Group, titled ” Maleic Anhydride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Maleic Anhydride Prices. This report delves into the price of maleic anhydride globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Maleic Anhydride Prices Analysis
- Japan: 1031 USD/MT
- Belgium: 1287 SD/MT (Flakes)
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The study delves into the factors affecting maleic anhydride price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Maleic Anhydride Price Trend- Last Quarter
The maleic anhydride market is primarily driven by its increasing demand in the production of unsaturated polyester resins (UPRs), which are widely used in the automotive, construction, and marine industries due to their lightweight, durability, and corrosion-resistant properties. As infrastructure development and industrial activities grow, particularly in emerging economies, the demand for UPRs and, consequently, maleic anhydride is rising significantly.
Another key driver is the expanding application of maleic anhydride in the production of lubricating oil additives, which are essential for improving engine performance and reducing wear in vehicles and industrial machinery. Alongside this, the growing focus on sustainability and green chemistry has spurred the adoption of bio-based maleic anhydride, further propelling market growth as industries seek eco-friendly alternatives. The chemical’s use in the production of copolymers and agricultural chemicals, such as herbicides and insecticides, also supports demand in the agricultural sector.
Maleic Anhydride Industry Analysis
In Q2 2024, the maleic anhydride market in North America displayed a mixed pricing trend due to various influencing factors. Demand remained moderate from key sectors like construction and automotive, yet supply constraints became a significant driver. Reduced operating rates and occasional plant shutdowns limited availability, prompting manufacturers to increase prices slightly. In the USA, price volatility was observed due to seasonal factors and logistical challenges such as shipping cost hikes and container shortages.
Economic policies aimed at curbing inflation added complexity, reducing spending on capital goods. Besides this, the APAC market showed fluctuating price movements, largely influenced by seasonal demand from sectors like UPR and paints. Key supply-side issues, including limited domestic production and disruptions in raw material availability, contributed to regional shortages, intensifying the price pressures. High freight premiums further exacerbated these dynamics. Japan, in particular, faced significant price volatility as its market was impacted by both global supply constraints and heightened import costs.
These factors combined to establish a bullish market environment by the end of the quarter, supported by strong demand and constrained supply. Furthermore, in Europe, the market maintained a positive pricing trajectory during Q2 2024, with rising costs driven by steady demand in key downstream sectors such as UPR, automotive, and construction. Supply chain challenges, including elevated shipping costs and feedstock prices, notably benzene, further fueled the upward trend. In Germany, market dynamics were influenced by irregular supply patterns due to delayed deliveries and disruptions caused by regional flooding.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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