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Updated to Q2 2017
The European maleic anhydride (MA) market remained firm into Q2 on the back of strong demand and availability constraints. Spot prices peaked in April around €1,550-1,600/tonne FD NWE and then held steady into May. Contract negotiations for Q2 were pegged around €300-400/tonne higher than Q1 depending on the starting point and customer. In May, spot prices were largely steady, but with a gradual improvement in supply prices started to nudge back later in the month and this trend continued into June. Sellers were keen to maintain margins, but noted that a natural adjustment down had been seen due to improved availability. There had been a variety of planned and unplanned hiccups during the first half of the year and by June it was only MOL reporting production issues as it underwent a catalyst change at its site in Szazhalombatta, Hungary. Production was due to restart and a slightly increased nameplate capacity of 22,000 tonnes/year was expected with the new catalyst.
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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.