Price trend
According to the commodity analysis system of SunSirs, the domestic maleic anhydride market was weakly consolidated on March 31. As of March 31, the average market price of n-butane oxidation maleic anhydride remained at 6,790 RMB/ton, which was stable compared to the previous trading day.
Analysis review
In terms of supply: As of March 31, the production load of Wanhua in Yantai was 70%, and the load of Hengli maleic anhydride's two lines was 80%. The export volume of liquid anhydride has increased, and the increase in spot supply in the maleic anhydride market was limited. Downstream unsaturated resin manufacturers of maleic anhydride were mainly operating steadily, and the unsaturated resin market was mainly stable, with limited procurement of maleic anhydride. On the 31st, the bidding price of Yantai Wanhua fell, and the price of maleic anhydride factory also fell. As of March 31st, the factory price of solid anhydride in Shandong region was around 6,700 RMB/ton, and the factory price of liquid anhydride was around 6,400 RMB/ton.
Upstream: On the 31st, the n-butane market remained stable, and as of March 27th, the price in Shandong was around 5,300-5,350 RMB/ton.
Downstream: As of March 31, unsaturated resin companies were mainly operating steadily, but due to the impact of rising raw material prices and subsequent declines, the unsaturated resin market remained stable, and there was a strong wait-and-see sentiment in the market.
Market outlook
The maleic anhydride products analyst of SunSirs believes that the recent replenishment of downstream resin demand for maleic anhydride has ended, and new order signings were limited; As of March 31, the prices of the main factories producing maleic anhydride have fallen, and it is expected that the maleic anhydride market will mainly consolidate weakly in the near future.
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