Price trend

According to the commodity analysis system of SunSirs, the overall domestic maleic anhydride market had slightly declined this week. As of August 31, the average market price of n-butane oxidation method maleic anhydride remained at 6,770 RMB/ton, a decrease of 0.29% from 6,790 RMB/ton on August 26.

Analysis review

Supply side: Yizheng Chemical Fiber was about to start feeding, Qingdao Refining and Chemical had started selling, and Yantai Wanhua planned to stop production from August 26th; Recently, the new factory in Shandong had started to sell externally, and the market supply had increased. The prices of the main factories producing maleic anhydride had fallen, and the quotes from distributors had also fallen. As of August 31st, the ex factory price of solid anhydride in Shandong region was around 6,500 RMB/ton, and the ex factory price of liquid anhydride was around 5,700 RMB/ton.

Upstream: Recently, the international crude oil market had fluctuated and risen, and the price of n-butane had slightly increased. As of August 31, the price in Shandong was around 5,300 RMB/ton.

Downstream: The recent weak consolidation of the unsaturated resin market was the main reason, and downstream production continued to be sluggish, with limited procurement of essential needs and limited support for unsaturated resins.

Market outlook

SunSirs' maleic anhydride product analyst believes that the recent decline in the maleic anhydride market had led to cautious market operations; The downstream unsaturated resin market was mainly weak and stable, with limited procurement of maleic anhydride; As of August 31st, Wanhua Yantai had stopped production, Yizheng Chemical Fiber had resumed production, and Qingdao Refining and Chemical had increased production. It is expected that the maleic anhydride market will mainly consolidate in the near future.

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