SunSirs: This Week, the Domestic Maleic Anhydride Market Slightly Declined Overall

Price trend

According to the commodity analysis system of SunSirs, the domestic maleic anhydride market has slightly declined this week. As of February 28th, the average market price of n-butane oxidation maleic anhydride remained at 6,560 RMB/ton, a decrease of 0.30% from the price of 6,580 RMB/ton on February 24th.

Analysis review

In terms of supply: As of February 28th, the production load of Wanhua in Yantai was 70%, and the load of Hengli maleic anhydride's three lines was 70%. Liquid anhydride was mainly used for self use, and the market supply was normal. Downstream unsaturated resin manufacturers of maleic anhydride have increased their production capacity, and procurement was mainly based on demand. As of February 28th, the factory price of solid anhydride in Shandong region was around 6,300 RMB/ton, and the factory price of liquid anhydride was around 6,000 RMB/ton.

Upstream: Recently, the n-butane market had slightly increased, and as of February 28th, the price in Shandong was around 5,250 RMB/ton.

Downstream: Recently, unsaturated resin companies have been operating slowly, and there was a strong demand for purchasing unsaturated resins downstream, which has limited support for unsaturated resins. As of February 28th, the procurement of maleic anhydride for unsaturated resins was limited.

Market outlook

The maleic anhydride products analyst of SunSirs believes that recently, the main downstream resin of maleic anhydride has completed its replenishment, and the follow-up of new orders has slowed down. Unsaturated resins mainly maintained the essential demand for maleic anhydride, which has limited support for the maleic anhydride market; As of February 28th, the main factories producing maleic anhydride maintained stable prices, and it is expected that the maleic anhydride market will mainly consolidate in the near future.

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