According to the data of the SunSirs, the domestic market price of maleic anhydride held steady this week. As of December 25, the average market price of n-butane oxidation maleic anhydride remained at 7040.00 RMB/ton, which was unchanged from December 19, and 0.57% higher than the same period last month.

On December 25, the maleic anhydride commodity index was 66.32, unchanged from yesterday, down 60.15% from the cycle's highest point of 166.43 (2021-12-15), and up 29.58% from the lowest point of 51.18 on April 14, 2020. (Note: Period refers to 2011-09-01 to now)

Most domestic benzol maleic anhydride markets were shut down this week. This week, the main plants of n-butane oxidation process were fully supplied, and downstream resins were in the shutdown period, so the procurement was cautious and the transaction was limited. As of the 25th, the solid anhydride in Shandong was about 6500 RMB/ton, and that in Jiangsu was about 6500 RMB/ton. There was no new price outflow in Shanxi and Hebei, and that in South China was about 7000 RMB/ton.

In terms of upstream, the trend of pure benzene decreased slightly this week. On December 25, the average price of pure benzene was 6532.17 RMB/ton, and on December 19, the average price was 6555.50 RMB/ton, down 0.36%. The ex factory price of hydrogenated benzene in North China declined, with an average price of 6516.67 RMB/ton on December 25 and 6600 RMB/ton on December 19, down 1.26%. As for n-butane, as of December 25, the price in Shandong was about 5400 RMB/ton.

According to the maleic anhydride product analysts of the SunSirs, the benzene oxidation process in the domestic maleic anhydride market is suffering from serious losses at present, the factory is shut down for maintenance, and the market circulation supply is less; At present, some downstream resin plants have entered the shutdown period, with poor terminal demand and limited turnover, mainly on demand. Maleic anhydride market is expected to be weak in the near future.

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