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SunSirs: Maleic anhydride price jumped

April 17 2020 10:54:45     SunSirs (Molly)

1. Price trend

According to SunSirs data, the average price of maleic anhydride as of April 16 was 6466.67 yuan / ton (both tax included), up 19.02% from the 13th.

The maleic anhydride commodity index on April 16 was 60.92, an increase of 1.26 points from yesterday, a decrease of 50.74% from the highest point in the cycle of 123.67 points (2017-12-26), and an increase from the lowest point of 51.18 points on April 14, 2020 19.03%. (Note: Period refers to 2011-09-01 to present)

2. Analysis of influencing factors

Products: This week, domestic maleic anhydride market prices jumped. This week, domestic maleic anhydride stocks are low, and the supply of solid anhydride in the main production areas is limited.

Industry chain: International crude oil fell, downstream unsaturated resins rose steadily, terminal demand eased, but orders were taken cautiously, and purchases were mainly on demand. According to the monitoring of the business community, the price of pure benzene has continued to rise recently, and the price of pure benzene on the 16th was 3000-4000 yuan / ton. Recently, the price of hydrogenated benzene has continued to rise. On the 16th, the mainstream quotation range of the hydrogenated benzene market in East China ranged from 3400 to 3500 yuan / ton, with an average price of 3450 yuan / ton. The rise in propylene has driven up the price of n-butane. Rising raw material prices are driving the maleic anhydride market.

3. Future market forecast

SunSirs analysts believe that at present, the maleic anhydride plant is tightly shipped, the supply of solid anhydride in the main production area is limited, the downstream costs are mainly due to on-demand purchases, the impact of foreign epidemics, crude oil prices are still low, and May The operating rate of maleic anhydride has increased. The supply side supports the price of maleic anhydride in the short-term, but the demand is limited. It is expected that the maleic anhydride market may have a callback risk in May.

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