Price trend

According to the commodity analysis system of SunSirs, the overall domestic market for maleic anhydride rose in mid March. As of March 21, the average market price of n-butane oxidation maleic anhydride remained at 6,670 RMB/ton, an increase of 1.06% from the price of 6,600 RMB/ton on March 11.

Analysis review

In terms of supply: As of March 21, the production load of Wanhua in Yantai was 60%, and the load of Hengli maleic anhydride's two lines was 80%. Liquid anhydride was mainly used for personal use, and the spot supply in the maleic anhydride market was tight. Downstream unsaturated resin manufacturers of maleic anhydride were mainly operating steadily, and due to the rise in raw material prices, unsaturated resin has slightly increased, mainly replenishing the demand for maleic anhydride. As of March 21st, the factory price of solid anhydride in Shandong region was around 7,100 RMB/ton, and the factory price of liquid anhydride was around 6,800 RMB/ton.

Upstream: Recently, the n-butane market has fallen first and then risen. As of March 21, the price in Shandong was around 5,300-5,350 RMB/ton.

Downstream aspect: As of March 21, unsaturated resin enterprises were mainly operating steadily, and unsaturated resin was urgently needed for downstream procurement, with limited support for unsaturated resin. As of March 21, unsaturated resin was replenishing maleic anhydride as needed.

Market outlook

The maleic anhydride products analyst of SunSirs' believes that the recent replenishment of downstream resin demand for maleic anhydride has basically ended, and new order signings were limited; As of March 21, the stock of maleic anhydride was tight, and there was a limited supply of circulating goods. It is expected that the maleic anhydride market will continue to operate to be stronger in the near future.

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