Price trend

According to the commodity analysis system of SunSirs, the domestic maleic anhydride market has been weak recently. As of February 24th, the average market price of n-butane oxidation maleic anhydride remained at 6,580 RMB/ton, a decrease of 0.90% from the price of 6640 RMB/ton on February 17th.

Analysis review

In terms of supply: Recently, the production load of Wanhua in Yantai has reached 70%, and the load of Hengli maleic anhydride's three lines has reached 70%. Liquid anhydride was mainly used for self use, and the market supply was normal. Downstream unsaturated resin manufacturers of maleic anhydride have started to increase production, and procurement was mainly based on demand. As of February 24th, the factory price of solid anhydride in Shandong region was around 6,200 RMB/ton, and the factory price of liquid anhydride was around 5,900 RMB/ton.

Upstream: Recently, the overall price of n-butane has been on the rise, and as of February 24th, the price in Shandong was around 5,250 RMB/ton.

Downstream: Recently, unsaturated resin companies have been operating slowly, and there was a rigid purchasing unsaturated resins downstream, which had limited support for unsaturated resins. As of February 24th, the procurement of maleic anhydride for unsaturated resins was limited.

Market outlook

The maleic anhydride products analyst of SunSirs believes that the downstream unsaturated resin of maleic anhydride was slowly declining, and coupled with the weak raw material market, unsaturated resin mainly maintains the essential demand for maleic anhydride, which has limited support for the maleic anhydride market; As of February 24th, the main factories producing maleic anhydride maintained stable prices, and it is expected that the maleic anhydride market will experience narrow adjustments in the near future.

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