European Maleic Anhydride spot prices strengthened in mid-August due to supply shortages in northwest and central Europe emerged. The supply shortage in Europe has largely been due to force majeure implemented by major producers throughout EU amidst weak demand. European Maleic Anhydride prices also strengthened owing to outages in Germany which added to price gap between NW Europe and the rest of Europe.
Maleic Anhydride spot prices in Europe have been rising since the second quarter of xxxx as freight charges have levelled up significantly reflecting their import dependence. The price revisions in the market also attributed to the rising demand from automotives in Europe. Germany, the major producer of automotives in Europe however has observed contraction in their production as well as sales volume in July xxxx. However, the downturn in German market in July has not affected the pricing of Maleic Anhydride...
