Price trend

According to the commodity analysis system of SunSirs, the domestic maleic anhydride market has slightly declined recently. As of January 21, the average market price of n-butane oxidation maleic anhydride remained at 6,500 RMB/ton, a decrease of 0.31% from 6,520 RMB/ton on January 1.

Analysis review

In terms of supply: In mid to early January, Yantai Wanhua reduced its load, with relatively low shipment volume and continuous increase in auction prices. The main factories followed suit and increased prices. In addition, maleic anhydride manufacturers mainly use it for their own purposes, resulting in a decrease in market supply and a shortage of distributor sources. Therefore, the focus was on observation and wait-and-see; As of January 21, Wanhua was experiencing a decline in demand, leading to an increase in market supply. In addition, downstream unsaturated resin manufacturers of maleic anhydride were approaching a shutdown period from the previous year, with on-demand procurement being the main focus. As a result, the prices of major maleic anhydride factories continued to fall. As of January 21st, the factory price of solid anhydride in Shandong region was around 6,400 RMB/ton, and the factory price of liquid anhydride was around 6,000 RMB/ton.

Upstream: In mid January, the overall n-butane market declined, and as of January 21, the price in Shandong was around 5,000-5,150 RMB/ton.

Downstream: As the end of the year approaches, some unsaturated resin companies had parking plans for prices. Unsaturated resin was urgently needed for downstream procurement, and support for unsaturated resin was limited. As of January 21, unsaturated resin mainly relied on demand for maleic anhydride.

Market outlook

The maleic anhydride products analyst of SunSirs believes that downstream unsaturated resins have entered a shutdown cycle, maintaining a focus on essential demand and providing limited support for the maleic anhydride market; As of January 21, the main factories of maleic anhydride were implementing price reductions, and the number of factory orders was limited. It is expected that the maleic anhydride market will continue to decline in the near future.

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