Price trend
According to data from SunSirs, the average price of domestic maleic anhydride as of May 22 was 6,600.00 RMB/ton (including tax), up 100 RMB/ton or 1.54% compared with the reference price of 6,500.00 RMB/ton at the beginning of the week (May 18).
On May 22, the maleic anhydride commodity index was 62.17, which was the same as the former day, down 49.73% from 123.67 (December 26, 2017), the highest point in the cycle, and up 21.47% from 51.18, the lowest point on April 14, 2020. (Note: cycle refers to 2011-09-01 to now)
Analysis review
Product:This week, the domestic market price of maleic anhydride rose slightly. This week, the domestic supply of maleic anhydride increased, but the terminal demand was limited, and the downstream purchase was mainly on demand, with strong wait-and-see mood.
Industrial chain: The international crude oil rose sharply, and the downstream unsaturated resin just needed to be purchased. According to SunSirs monitoring, this week's price of pure benzene continued to shock consolidation. Sinopec experienced two price hikes of pure benzene in the week, with a total increase of 250 RMB/ton to 3,350 RMB/ton. This week, the port inventory of pure benzene increased and the tank capacity was tight. The price of hydrogenated benzene rose this week. As of Friday, the main quotation range of Shandong hydrogenated benzene market was 3,300-3,400 RMB/ton. N-butane was relatively stable.
Market outlook
Analysts of maleic anhydride products of SunSirs expect the maleic anhydride market to decline slightly in the short term.
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