Price trend
According to the commodity analysis system of SunSirs, the domestic maleic anhydride market remained stable this week. As of November 24th, the average market price of n-butane oxidation maleic anhydride remained at 6,260 RMB/ton, unchanged from the price on November 18th.
Analysis review
In terms of supply, the operating rate of maleic anhydride remained stable this week, while Wanhua began to increase its burden. The resumption time of production for the Qingdao plant had not yet been determined; This week, the prices of the main factories for maleic anhydride have increased, while dealer quotations remained stable. The market was cautious in chasing higher prices, and new orders were mainly followed up on. As of November 24th, 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 5,500 RMB/ton.
Upstream: The international crude oil market had risen this week, while the n-butane market was weak. As of November 24th, the price in Shandong was around 5,150 RMB/ton.
Downstream: The unsaturated resin market remained stable this week, with downstream essential purchases being the main focus. There was limited support for unsaturated resin, and there was a strong wait-and-see sentiment in the market.
Market outlook
The maleic anhydride products analyst of SunSirs believes that downstream unsaturated resins maintained a strong demand and provided limited support for the maleic anhydride market; In the early stage, the ex factory price of maleic anhydride increased, and the dealer price slightly followed suit. As of November 24th, downstream buyers were cautious about chasing higher prices, and purchases were mainly on demnad. It is expected that the maleic anhydride market will mainly consolidate in the near future.
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