Price trend

According to the commodity analysis system of SunSirs, the domestic maleic anhydride market was mainly weakly consolidated last week. As of April 18th, the average market price of n-butane oxidation maleic anhydride remained at 6,630 RMB/ton, stable compared to April 14th.

Analysis review

Supply side: last week, the main factories producing maleic anhydride maintained stable prices;As of April 18th, the production load of Yantai Wanhua was 70%, and Hengli maleic anhydride had suspended shipments. Qingdao Refining and Chemical had plans for external sales in the near future; Downstream unsaturated resin manufacturers of maleic anhydride were operating steadily, with a focus on replenishing urgently needed maleic anhydride. As of April 18th, the factory price of solid anhydride in Shandong region was around 6,400 RMB/ton, and the factory price of liquid anhydride was around 5,950 RMB/ton.

Upstream: The n-butane market had fallen last week, and as of April 18th, the price in Shandong was around 5,300 RMB/ton.

Downstream: As of April 18th, unsaturated resin enterprises were mainly operating steadily, and the downstream demand for unsaturated resin procurement was limited, resulting in limited support for unsaturated resin and a strong market wait-and-see sentiment.

Market outlook

The maleic anhydride products analyst of SunSirs believes that the replenishment of downstream resins, the main force of maleic anhydride, was limited in the near future. In addition, the upstream n-butane market of maleic anhydride had fallen, and market support was limited. It is expected that the maleic anhydride market will mainly consolidate in the near future.

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