The US Maleic anhydride prices weakened during June as softer downstream demand and lower feedstock costs weighed on market sentiment. Following a balanced performance in May and stable conditions in early June, declining benzene values and abundant shale-derived n-butane reduced production costs, allowing producers to offer more competitive quotations. Reliable operating rates at Gulf Coast plants and comfortable inventory levels ensured sufficient supply, further limiting upward price momentum. Demand remained mixed across key downstream industries. Unsaturated polyester resin manufacturers continued routine procurement for construction-related applications, while lubricant additive demand remained stable. However, weaker activity in the automotive sector reduced consumption for coatings, composites, and related products, contributing to the softer market environment. Lower crude oil prices and easing logistics costs following improved geopolitical conditions also reduced transportation expenses and added further downward pressure. Looking ahead, analysts expect the market to remain under pressure through the near term as seasonal demand stays subdued. However, restocking from the construction, coatings, and plasticizer sectors could support a gradual recovery later in the year.
