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SunSirs: the market price of maleic anhydride fell last week (3.14-3.20)
March 22 2022 09:23:22()

1、 Price trend

According to the data of SunSirs, the domestic market price of maleic anhydride rose this week. As of March 20, the average price of benzene hydrogenation maleic anhydride remained at 12333.33RMB/ton, down 9.76% from 13666.673RMB/ton on March 14 and 12.94% from the same period last month.

On March 20, the maleic anhydride commodity index was 116.18, unchanged from yesterday, down 30.19% from the highest point of 166.43 in the cycle (2021-12-15), and up 127.00% from the lowest point of 51.18 on April 14, 2020. (Note: the period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

This week, the domestic benzene maleic anhydride market started to decline. Recently, the downstream unsaturated resin market has declined. At present, the construction has declined, but the transaction is limited and the rigid demand is the main reason. As of the 20th, the solid anhydride in Shandong was about 110003RMB/ton, that in Jiangsu was about 110003RMB/ton, that in Shanxi was about 110003RMB/ton, that in Hebei was about 110003RMB/ton, and that in South China was about 110003RMB/ton. Affected by the epidemic, the domestic market transportation is blocked, and the market wait-and-see mood is strong.

Upstream, pure benzene continued to decline this week, and the price fell broadly. The average price of pure benzene was 88403RMB/ton on March 11 and 81203RMB/ton on March 18, down 7203RMB/ton or 8.14% from last week. The current cycle of pure benzene price rise driven by crude oil has completely ended, and the price of pure benzene has fallen back to the price in early March. Affected by the price of pure benzene, the price of hydrogenated benzene has fallen all the way, and the overall trend of the industrial chain is weak. In terms of n-butane, the price in Shandong was 72603RMB/ton as of March 20.

3、 Future forecast

According to the maleic anhydride product analyst of SunSirs, the domestic maleic anhydride market fell this week, the operation of downstream resin manufacturers declined, and the just needed procurement was general. The price of domestic raw materials has fallen, the domestic market transportation has been blocked due to the epidemic, and the market wait-and-see mood is strong. It is expected that the maleic anhydride market will be mainly sorted out in the near future.

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