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SunSirs: Maleic Anhydride Market Fell in November As a Whole

December 02 2019 10:55:58     SunSirs (John)

Price trend

According to the data of SunSirs, the average price of maleic anhydride as of November 30 was 7366.67 RMB/ton (including tax), down by 1.34% compared with 7466.67 RMB/ton at the beginning of the month.

On November 29, the maleic anhydride commodity index was 69.40, which was the same as the previous day, 43.88% lower than 123.67 (December 26, 2017), the highest point in the cycle, and 23.55% higher than 56.17, the lowest point on February 16, 2016. (Note: cycle refers to 2011-09-01 to now)

 

Analysis review        

Product: In November, maleic anhydride market fell as a whole. In November, most of the major domestic maleic anhydride factories operated normally and remained stable in the first ten days. In the middle ten days, the price of maleic anhydride was driven down by the price reduction in the main production areas, and in the last ten days, the spot inventory in the main production areas was tight, and the price was increased, which led to the rise of maleic anhydride price. At present, maleic anhydride is in stable operation for the time being, and the spot supply of middlemen and downstream to the aftermarket will return to normal, with general market transactions.

Industrial chain: Crude oil surged in November. The downstream unsaturated resin operates stably, and the terminal demand is general. According to the monitoring of SunSirs, the hydrogenated benzene market rebounded after falling this month, and the monthly increase of hydrogenated benzene market this month was 0.96%. At present, the price in East China is about 5250 RMB/ton, and that in Shandong is about 5100 RMB/ton. The price of n-butane is hovering at a low price, maintaining stable operation temporarily. In December, maleic anhydride is expected to maintain stable operation in the near future.

Industry: According to the price monitoring of SunSirs, in November 2019, there were 21 kinds of commodities in the chemical sector that rose in the commodity price rise and fall list, of which 8 kinds of goods increased by more than 5%, accounting for 9.4% of the number of goods monitored in this sector ; The top three commodities were hydrochloric acid (67.31%), acetone (36.29%), and isopropanol (26.96%). There were a total of 58 commodities with a decrease from the previous month, and 18 commodities with a decline of more than 5%, accounting for 21.2% of the number of commodities monitored in this sector. The top 3 products were epichlorohydrin (-31.74%), aniline (- 19.11%), caustic soda (-18.56%). The average monthly increase or decrease was -1.05%.

 

Market outlook

Analyses of maleic anhydride products from SunSirs believe that although the maleic anhydride plant has no inventory pressure, the current demand is off-season, and the maleic anhydride market is expected to maintain stable operation in December.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

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