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Updated to Q4 2018
The European maleic anhydride (MA) market saw steady supply in October and most of November, but there were then a cluster of production issues heard. Hungary’s MOL had an unexpected one week outage in the second half of November and on 26 November, Polynt had to shut its Ravenna, Italy unit due to unexpected issues. This resulted in a force majeure declaration on 5 December, which remain in place at year-end, though the unit is understood to be ramping up rates. There were also some smaller supply constraints from Austria’s ESIM and Bosnia’s GIKIL.
The demand pattern for MA in the fourth quarter was rather mixed. Many described it as a steady buying pattern with the usual slow down to year end as many buyers look to close with low inventories. However, there were also comments stating that demand was strong, though this was in the minority.
We offer the following regional Maleic anhydride analysis and news coverage to keep you informed of factors and developments affecting prices in the Europe Maleic anhydride marketplace.
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Maleic anhydride (MA) is derived from butane in the US. In Europe and Asia, MA is derived predominantly from butane units, although a small amount is produced by benzene units.
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ICIS price assessments are based on information gathered from a wide cross section of the 750 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.
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