Price trend

According to the commodity analysis system of SunSirs, the domestic maleic anhydride market overall rose in mid August. As of August 21, the average market price of n-butane oxidation method maleic anhydride remained at 6,790 RMB/ton, an increase of 1.04% from 6,720 RMB/ton on August 11.

Analysis review

Supply side: Yizheng Chemical Fiber and HSBC Petrochemical are expected to resume production in late August, Qingdao Refining and Chemical started trial operation, and Yantai Wanhua planned to shut down from August 26th; Recently, the prices of the main factories producing maleic anhydride remained stable, with price fluctuations hovering around 50 RMB/ton. As of August 21st, the ex factory price of solid anhydride in Shandong region was around 6,600 RMB/ton, and the ex factory price of liquid anhydride was around 5,950 RMB/ton.

Upstream: Recently, the international crude oil market has been fluctuating downwards, with n-butane maintaining a stable trend. As of August 21st, the price in Shandong was around 5,250 RMB/ton.

Downstream: Recently, the prices of unsaturated resin raw materials have fallen sharply, and cost support was weak. As of August 21st, it was still in the off-season of consumption, and downstream production continued to be sluggish. Limited demand procurement had limited support for unsaturated resin, and the overall market for unsaturated resin remained stable.

Market outlook

SunSirs’ maleic anhydride product analyst believes that in recent times, the main factories for maleic anhydride have mainly maintained stable prices, with cautious market operations and limited transactions; The downstream unsaturated resin market remained stable, with limited procurement of maleic anhydride; As of August 21st, there was little change in supply and demand, and there was no significant increase in supply. It is expected that the maleic anhydride market will mainly consolidate in the near future.

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