Price trend

As of the 17th, the price of solid maleic anhydride in Shandong was about 7,800 RMB/ton, the price of solid maleic anhydride in Jiangsu was about 7,800 RMB/ton, the price of solid maleic anhydride in Shanxi was about 9,100 RMB/ton, the price of solid maleic anhydride in Hebei was about 9,100 RMB/ton, and the price of solid maleic anhydride in South China was about 8,400 RMB/ton.

On July 17, the maleic anhydride commodity index was 92.32, the same as previous day, down 44.53% from the highest point in the cycle (166.43 points on 2021-12-15), and up 80.38% from the lowest point of 51.18 points on April 14, 2020. (Note: The cycle refers to 2011-09-01 to the present)

Analysis review

This week, the domestic benzene process maleic anhydride market was suspended. Recently, the downstream unsaturated resin resin market was operating at a low level, mainly based on rigid demand.

On the upstream side, pure benzene followed the weakness of crude oil this week. The average price of pure benzene on July 8 was 9,267 RMB/ton, and the average price on July 15 was 9,009 RMB/ton, down 2.79% from last week. Affected by the wide decline in crude oil, benzene in the outer disk followed to weaken, driving the focus of domestic market discussions to decline. During the week, the transaction in Shandong area was average, and the price gap with other areas widened. Due to the tight supply, there was still support for the price of pure benzene in the short term. This week, the price of hydrogenated benzene in North China fluctuated downward. It was 9,237.50 RMB/ton on July 11 and 8,987.50 RMB/ton on July 17, down 2.71% for the week. In terms of n-butane, as of July 17, the price in Shandong was 5,760 RMB/ton.

Market outlook

The maleic anhydride product analyst of SunSirs believes that the current domestic maleic anhydride market has a serious deficit in the benzene oxidation process, the factory has been shut down for maintenance, and the market has less supply of goods. The price of n-butane oxidation process has fallen recently. The downstream resin manufacturers are operating at a low level, and there is no obvious benefit in the terminal. It is expected that the maleic anhydride market may be sorted out mainly in the near future.

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