Price trend

According to the commodity analysis system of SunSirs, the domestic maleic anhydride market has slightly declined recently. As of December 31, the average market price of n-butane oxidation maleic anhydride remained at 6,520 RMB/ton, a decrease of 0.31% from 6,540 RMB/ton on December 23.

Analysis review

Supply side: Recently, Yantai Wanhua resumed production and began bidding, with Hengli maleic anhydride mainly for self use; The supply of maleic anhydride in the market has increased, and the price of raw material n-butane has fallen. The downstream market was cautious and had a strong wait-and-see attitude. The prices of major maleic anhydride factories have fallen, and dealer quotes have also fallen. As of December 31st, the factory price of solid anhydride was around 6,100 RMB/ton, and the factory price of liquid anhydride was around 5,700 RMB/ton.

Upstream: Recently, the overall trend of n-butane has been declining, with prices in Shandong at around 5,150 RMB/ton as of December 31st.

Downstream: Recently, the unsaturated resin market remained stable with a moderate downward trend, mainly due to the decline in the market for unsaturated resin raw material maleic anhydride. In addition, as the end of the year approaching, some unsaturated resin companies had plans to stop their prices, and the downstream demand for unsaturated resin was limited. As of December 31st, unsaturated resin mainly relied on demand for maleic anhydride.

Market outlook

The maleic anhydride analyst of SunSirs' products believes that downstream unsaturated resins maintained a rigid purchases on demand and provided limited support for the maleic anhydride market; As of December 31st, the supply of maleic anhydride had recovered, factories implemented price reductions, and factory signing had been hindered. It is expected that the recent maleic anhydride market will mainly be consolidating.

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