Key Highlights
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China&#**;s growth in exports led to regional oversupply and softening prices.
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Feedstock prices for benzene and n-butane continued to drop, helping to reduce pressure on production.
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Freight rates fell across the key markets, lowering import costs and allowing for flexibility in supplier offers.
During the first week of September ****, maleic anhydride price levels across Asia continued to move downward, reflecting the softening trend we鈥檝e seen throughout August. Market participants reported that maleic anhydride domestic prices continued to fall, because demand was weak, supply surplus conditions existed, and feedstock price drops remained at recent levels. These highlights reveal that most sellers and the market at large continued to hold a cautious business environment in its trade, while buyers, particularly in China, are not going to settle on prices in current market conditions. Producers appeared willing to be a little more flexible about maleic anhydride price levels.
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