1、 Price trend

According to the data of SunSirs, the market price of maleic anhydride in China rose slightly last week. As of June 12, the average price of maleic anhydride by benzene hydrogenation remained at 10433.33 RMB/ton, down 0.63% from the average price of 10500.00 RMB/ton on June 6, up 1.62% from the same period last month.

2、 Analysis of influencing factors

Last week, the domestic benzene maleic anhydride market started to decline. In the near future, the downstream unsaturated resin market is generally started, and the rigid demand is the main factor. As of the 13th, the solid anhydride in Shandong was about 9550 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.

On the upstream side, the price of benzene rose continuously last week, with the price exceeding 10000 yuan. On June 2, the average price of benzene was 9167 RMB/ton, and on June 10, the average price was 9984 RMB/ton, an increase of 8.91% over the previous two weeks. Last week, Sinopec continuously raised the production price of  benzene, which once again boosted market confidence, and local refining manufactures followed suit. Over the weekend, it was reported that an accident occurred in a factory in South Korea, resulting in the shutdown of about 380000 tons of benzene production capacity, and the market speculation was positive. Last week, the ex factory price of hydrogenated benzene in North China rose as a whole. At the end of the previous two weeks, it was 9000 RMB/ton, and at the end of last week, it was 9650 RMB/ton, a weekly increase of 7.22%. As for n-butane, the price in Shandong was 6300 RMB/ton as of June 12.

3、 Aftermarket forecast

According to the maleic anhydride product analysts of the SunSirs, the benzene oxidation process in the domestic maleic anhydride market is suffering from serious losses, the factories are shut down for maintenance one after another, the market circulation source is small, and the n-butane oxidation process has risen, driving the maleic anhydride market. The market of downstream resin manufacturers is sorted out, and there is no obvious positive effect on the terminal. It is expected that the maleic anhydride market may rise slightly in the near future.

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