Shanghai (China): In the second week of January xxxx, China&#xx;s maleic anhydride (MA) market witnessed a significant x.xx decline compared to the previous week, driven by a confluence of factors impacting the industry. Weakening demand from crucial downstream sectors, including furniture and tableware, alongside a slowdown in construction projects, played a pivotal role in this notable decrease.
One of the contributing factors to the decline was the presence of high inventory levels, a consequence of increased production towards the end of xxxx. As a result, producers aimed to clear excess stocks, exerting downward pressure on MA prices. Government interventions, aimed at curbing price hikes, indirectly influenced the MA market by alleviating cost pressures on downstream industries, further contributing to the weakening demand for MA.
In the first week of January xxxx, Maleic Anhydride prices have observed some improvement and prices were assessed at USD xxxx/MT on...
