According to the commodity analysis system of SunSirs, the domestic maleic anhydride market rose slightly overall in mid-May. As of May 20, the average market price of maleic anhydride produced by n-butane oxidation remained at 6,675 RMB/ton, up 0.56% from 6,673.50 RMB/ton on May 11.

Supply: In mid-May, the overall execution price of maleic anhydride factories was slightly adjusted; at present, Yantai Wanhua, Ruilai New Materials, Huizhou Yuxin, Hengli Petrochemical's load was 50% to 60%, and Qingdao Refining and Chemical was sold normally; maleic anhydride downstream unsaturated resin manufacturers were cautious in stocking up and mainly waited and watched. As of May 20, the ex-factory price of solid anhydride in Shandong was around 6,200 RMB/ton, and the ex-factory price of liquid anhydride was around 5,600 RMB/ton.

Upstream: In mid-May, the n-butane market fell sharply, and as of May 20, the price in Shandong was around 4,650-4,700 RMB/ton.

Downstream: In mid-May, the price of unsaturated resins remained stable, with some manufacturers rising slightly. The downstream demand for unsaturated resins was justified, and the support for unsaturated resins was limited, and the market was in a wait-and-see mood.

Analysts of maleic anhydride products at SunSirs believe that the main downstream resins of maleic anhydride are stable, and the price of n-butane, the upstream of maleic anhydride, has fallen sharply. The cost support of maleic anhydride is limited. It is expected that the maleic anhydride market will be mainly weak in the near future.

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