1、 Price trend

According to the data of SunSirs, the domestic maleic anhydride market price fluctuated and fell this week. As of May 22, the average price of benzene hydrogenation maleic anhydride remained at 10300.00 RMB/ton, down 0.32% from the average price of 10333.33 RMB/ton on May 16 and 11.71% from the same period last month.

2、 Analysis of influencing factors

This week, the domestic benzene maleic anhydride market started basically stable. Recently, the downstream unsaturated resin market has started to rise slightly, dominated by rigid demand. As of the 22nd, the solid anhydride in Shandong was about 9500 RMB/ton, that in Jiangsu was about 9500 RMB/ton, that in Shanxi was about 9500 RMB/ton, that in Hebei was about 9500 RMB/ton, and that in South China was about 9500 RMB/ton.

Upstream, pure benzene rose in shock this week. The average price of pure benzene was 8867.17 RMB/ton on May 13 and 9067.17 RMB/ton on May 20, up 2.26% from last week. Supported by crude oil, external market and port inventory, the trend of domestic pure benzene is relatively strong in the short term, but most of the downstream are losing money and the pursuit of growth is weak. The price of main refineries is strong, and there is a short-term price difference with that in Shandong. The ex factory price of hydrogenated benzene in North China rose as a whole, from 8700 RMB/ton last weekend to 9012.5 RMB/ton this weekend, up 3.59% this week. In terms of n-butane, the price in Shandong was 6650 RMB/ton as of May 22.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the domestic maleic anhydride market is mainly sorted out, and the downstream resin manufacturers are mainly in need of purchase. The price of raw materials has risen, the benzene process has a significant loss, the supply has declined, and there is no obvious benefit in the downstream resin. It is expected that the maleic anhydride market will be mainly sorted in the near future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.