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Updated to Q1 2017
The European maleic anhydride (MA) market started the year with firm prices, healthy demand, rising feedstocks and supply limitations. All these factors added to increased producers' quarterly price targets of around €100-150/tonne for contracts. An effort by suppliers across Europe plus all these influencing factors did indeed result in these targets being largely successful, with settlements frequently confirmed at €100-140/tonne over the fourth quarter.
Even with these higher numbers, however, producers still reported squeezed margins due to higher rises in feedstocks. This resulted in one benzene feedstock plant shutting down in February, as costs were even higher than the butane stream. Another site in Hungary also lost some production and is running at low rates in March as it awaits the delivery of a new catalyst. Spot prices also started to gather momentum from January, with prices more or less moving up week on week. Spot prices reflected rises of between €260-320/tonne, from early January to mid-March, depending on the grade, customer and starting point.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Maleic anhydride.
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ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Maleic anhydride. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Maleic anhydride, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.