Building on the idea that molecules in liquid phase associate into multi-molecular complexes through covalent bonds, the present article focuses on the possible structures of these complexes. Saturation at atomic level is a key concept to understand where connections occur and how far molecules aggregate. A periodic table for liquids with saturation levels is proposed, in agreement with the even-odd rule, for both organic and inorganic elements. With the aim at reaching the most stable complexes, meaning no other chemical reactions can occur in the liquid phase, the structure of complexes resulting from liquefaction of about 30 molecules is devised. The article concludes that complexes in liquids generally assume rounded shapes of an intermediate size between gas and solid structures. It shows that saturation and covalent bonds alone can explain the specific properties of liquids. While it is generally acknowledged that molecular energy in gases and solids are respectively linear kinetic and vibratory, we suggest that rotatory energy dominates in liquids.
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