Price trend

According to the commodity analysis system of SunSirs, the domestic maleic anhydride market was consolidating at a low level recently, with a slight overall increase. As of June 23, the average market price of n-butane oxidation maleic anhydride remained at 6,325 RMB/ton, an increase of 0.12% from 6,317.50 RMB/ton on June 16.

Analysis review

Supply side: Recently, the market for maleic anhydride has been consolidating at a low level, with slight fluctuations in factory prices and limited new orders being signed. As of June 23rd, Yantai Wanhua had plans to resume production in the near future, while Qingdao Refining and Chemical was shipping normally; Recently, downstream unsaturated resin manufacturers of maleic anhydride were cautious in their stocking operations and were mainly observing the situation. As of June 23rd, the factory price of solid anhydride in Shandong region was around 6,000 RMB/ton, and the factory price of liquid anhydride was around 5,300 RMB/ton.

Upstream: Recently, the n-butane market had fallen, and as of June 23, the price in Shandong was around 4,650-4,700 RMB/ton.

Downstream: Recently, the unsaturated resin market had seen a slight increase, with the raw material market for unsaturated resin rising and supported by resin costs. However, unsaturated resin was still in the off-season, with average downstream transactions and limited support for unsaturated resin. The market had a strong wait-and-see sentiment.

Market outlook

The analyst of SunSirs’ maleic anhydride products believes that the main downstream resin of maleic anhydride was still in the off-season, and the procurement of maleic anhydride was limited; The upstream n-butane market for maleic anhydride had fallen, and the cost support for maleic anhydride was limited. In addition, with sufficient supply in the maleic anhydride market, it is expected that the maleic anhydride market will mainly consolidate at a low level in the near future.

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