Price trend

According to the Commodity Analysis System of SunSirs, the domestic market for maleic anhydride had fluctuated and declined this week. As of June 30th, the average market price of n-butane oxidation method maleic anhydride remained at 7,130 RMB/ton, a decrease of 1.11% compared to June 24th at 7,210 RMB/ton.

Analysis review

In terms of supply: Wanhua equipment was producing normally, and production will resume in Dafeng Jiangning from July 8th; Recently, the market for maleic anhydride had been mainly consolidating at a low level, with weak and volatile market prices. As of June 30th, the ex factory price of solid anhydride in Shandong region was around 6,800 RMB/ton, and the ex factory price of liquid anhydride was around 6,100 RMB/ton.

Upstream: The international crude oil market had been fluctuating and rising recently, with a slight increase in n-butane prices. As of June 30th, the price in Shandong was around 5,250 RMB/ton.

Downstream aspect: Recently, the prices of the main unsaturated resin factories had remained stable, and unsaturated resin had entered the off-season. Downstream production was limited, and support for unsaturated resin was limited. The overall operating rate of unsaturated resin had declined.

Market outlook

SunSirs' maleic anhydride product analyst believes that the recent low level consolidation of the maleic anhydride market was the main trend, with limited transactions; Downstream unsaturated resins had entered the off-season, and the operating rate continued to decline. Purchasing of maleic anhydride was limited, and it is expected that the maleic anhydride market will mainly consolidate at a low level in the near future.

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