Price trend

According to the commodity analysis system of SunSirs, the overall domestic maleic anhydride market had slightly declined this week. As of September 22, the average market price of n-butane oxidation maleic anhydride remained at 6,610 RMB/ton, a decrease of 0.60% from 6,650 RMB/ton on September 16.

Analysis review

Supply side: Yantai Wanhua planned to resume production in the near future; This week, the prices of the main factories producing maleic anhydride had fallen, and the quotes from distributors had followed suit. New orders were mainly driven by urgent needs, and the market had a strong wait-and-see sentiment. As of September 22nd, the ex factory price of solid anhydride in Shandong region was around 6,000 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 September 22, the price in Shandong was around 5,250 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, coupled with the expected resumption of production by Yantai Wanhua, had led to a strong wait-and-see sentiment in the market and cautious operations; The downstream unsaturated resin market was mainly consolidating weakly, with limited procurement of maleic anhydride; It is expected that the maleic anhydride market will experience a narrow consolidation in the near future.

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