Maleic anhydride (MA) is a vital organic compound widely used in the chemical industry. Its primary applications include the production of unsaturated polyester resins (UPR), which are essential in manufacturing fiberglass-reinforced plastics, coatings, and automotive parts. Additionally, MA serves as a precursor for 1,4-butanediol (BDO), used in biodegradable plastics, and other derivatives like fumaric acid and agricultural chemicals36.
In recent years, the MA market has experienced significant fluctuations. In 2024, prices declined by 17.05%, starting at 7,860 RMB/ton and ending at 6,520 RMB/ton due to oversupply and weak demand from the real estate sector, a major consumer of UPR36. However, temporary price surges occurred during production halts, such as Wanhua Chemical’s unexpected shutdown in December 2024, which briefly lifted prices by 1,000 RMB/ton3.
As of April 2025, MA prices remain volatile, with quotations ranging from 6,100 to 7,200 RMB/ton in China, influenced by factors like raw material (n-butane) costs and downstream demand shifts27. The market is expected to stay under pressure due to expanding production capacity and subdued demand from traditional sectors, though growth in automotive and biodegradable materials may offer some support
Post time: Apr-08-2025