Price trend

According to the Commodity Analysis System of SunSirs, the domestic maleic anhydride market continued to decline in November, hitting a new low for 2024. As of December 4th, the average bid price for maleic anhydride was 6,260.00 RMB/ton (including tax), a decrease of 2.64% from 6,430.00 RMB/ton on November 1st.

Analysis review

In terms of supply, the domestic production rate of maleic anhydride slightly decreased in November, but there was no significant change in supply; In the first half of November, the prices of the main factories producing maleic anhydride fell, and North China Environmental Protection had an impact on downstream production. Downstream procurement enthusiasm was average, with on-demand procurement being the main focus; In the second half of the month, the price of maleic anhydride was low, and under cost pressure, some factories slowed down their shipments. The market had a strong wait-and-see attitude, and new orders and urgent needs mainly followed up on demand. As of December 4th, the ex factory price of solid anhydride in Shandong region was around 5,900 RMB/ton, and the ex factory price of liquid anhydride is around 5,450 RMB/ton.

Upstream: The overall price of benzene increased in November. On November 1st, the price was 7,109.67 RMB/ton; On December 4th, the price was 7,643.00 RMB/ton, an increase SunSirsof 7.5%.

The international crude oil market fluctuated in November, with the overall price of n-butane rising. As of December 4th, the price in Shandong was around 5,150-5,350 RMB/ton.

Downstream: As of December 4th, the unsaturated resin market was mainly stable, with downstream essential purchases of unsaturated resin being the main focus. There was limited support for unsaturated resin, and the market had a strong wait-and-see sentiment.

Market outlook

The maleic anhydride products analyst of SunSirs believes that as of December 4th,, downstream unsaturated resin new orders mainly relied on rigid demand for replenishment, which had limited support for the maleic anhydride market; There was temporarily no pressure to sign new orders for the maleic anhydride factory, and it is expected that the maleic anhydride market will mainly consolidate in the near future.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.