Price trend

According to data from SunSirs, the domestic maleic anhydride market continued to rise this week. As of December 11, the average price of benzene hydrogenation maleic anhydride remained at around 8,633.33 RMB/ton, a 10.45% increase from the beginning of the week and a 1.52% decrease from the same period last month.

On December 11, the maleic anhydride commodity index was 81.33, the same as previous day, a decrease of 34.24% from the highest point in the cycle at 123.67 points (2017-12-26), and an increase of 58.91% from the lowest point of 51.18 on April 14, 2020. (Note: Period refers to 2011-09-01 to present)

Analysis review

The operating rate of the domestic maleic anhydride market remained stable this week, and some companies implemented pre-orders. The downstream unsaturated resin entered the off-season, and the resin market was operating weakly. As of the 11th, solid maleic anhydride in Shandong was about 8,400 RMB/ton, liquid maleic anhydride in Jiangsu was about 8,500 RMB/ton, solid maleic anhydride in Shanxi was about 8,500 RMB/ton, solid maleic anhydride in Hebei was about 8,500 RMB/ton, and solid maleic anhydride in South China was about 9,000 RMB/ton.

On the upstream side, according to the data from the bulk list of SunSirs, the price of pure benzene this week rose first and then declined slightly. This Sunday (December 13) the price of pure benzene was 42,80-4,650 RMB/ton (average price 4,556 RMB/ton) ), an increase of 180 RMB/ton from last week, or 4.11%; the price of hydrogenated benzene continued to rise this week, the mainstream price range of hydrogenated benzene market in Shandong was 4,300-4,400 RMB/ton, with an average price of 4,350 RMB/ton; the price of n-butane rose slightly.

Market outlook

The maleic anhydride product analyst of SunSirs believes that the current maleic anhydride market has strong wait-and-see sentiment, downstream resins are entering the off-season, terminal demand performance is average, and the wait-and-see sentiment is strong. It is expected that the price will be adjusted in a short time.

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