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Maleic Anhydride prices reached new height in South East Asia

There has been significant hike in Maleic Anhydride price in Asian market as supply glut has been the major factor. Strong demand from Europe and India has been the dominating factor in rise in prices. CFR SEA prices were assessed in the range of USD 1440-1460/MT.Demand from the downstream sector has been the prominent on last few weeks.

In the Indian market there has been clean sweep in the values on back of delay in the shipment for last few weeks.