SunSirs: The Supply Is Tight and the Maleic Anhydride Market Is Operating Stably
July 22 2020 14:19:57 SunSirs (John)
Price trend
According to data from SunSirs, as of July 21, the average domestic maleic anhydride price was 6,433 RMB/ton (both including tax), and the overall market was stable and firm, a 0.52% drop from the average price of 6,533 RMB/ton in the same period last month.
On July 21, the maleic anhydride commodity index was 60.60, which was the same as previous day, a decrease of 51.00% from the highest point of the cycle at 123.67 points (2017-12-26), and an increase of 18.41% from the lowest point of 51.18 on April 14, 2020. (Note: Period refers to 2011-09-01 to now).
Analysis review
Products: At present, domestic maleic anhydride prices continue to rise, the focus of transactions in various markets has shifted upwards, the spot supply in the industry is tight, some intermediaries hold high offers, and the main producing areas have the intention to continue to increase the price of new orders, driving the surrounding market upward.
Industry chain: The hydrogenated benzene market is affected by the decline in raw materials, and the price continues to decline. In the short term, the domestic pure benzene market may maintain a stalemate, and the fundamentals of the hydrogenated benzene market are still under pressure; the downstream unsaturated resin market is trading sideways, and the market has a strong wait-and-see sentiment. As the price of maleic anhydride rises, cost pressures are increasing.
Market outlook
The maleic anhydride product analyst of SunSirs believes that the current maleic anhydride market is rising continuously, and it is difficult to find advantageous sources in various regions. Many companies are reluctant to sell, and the price of maleic anhydride is expected to be firm in the short term.
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