Price trend

According to the commodity analysis system of SunSirs, the domestic maleic anhydride market was consolidating at a low level last week, with a slight overall decline. As of June 29th, the average market price of n-butane oxidation maleic anhydride remained at 6,275 RMB/ton, a decrease of 0.79% from the price of 6,325.00 RMB/ton on June 23rd.

Analysis review

Supply side: Last week, the market for maleic anhydride was consolidating at a low level, with factory prices slightly falling. Downstream purchases were cautious, and new orders were limited. As of June 29th, Yantai Wanhua resumed production and operation, while Hubei Zhongneng had started to gradually feed and operate; Recently, downstream unsaturated resin manufacturers of maleic anhydride maintained a stock of essential goods and were mainly observing the situation. As of June 29th, the factory price of solid anhydride was around 5,700 RMB/ton, and the factory price of liquid anhydride was around 5,250 RMB/ton.

Upstream: The n-butane market fell last week, and as of June 29th, the price in Shandong was around 4,600-4,650 RMB/ton.

Downstream: The weak consolidation of unsaturated resin market last week was the main focus. As of June 29th,, unsaturated resin was still in the off-season, and downstream transactions were average, with limited support for unsaturated resin and strong market wait-and-see sentiment.

Market outlook

The maleic anhydride products analyst of SunSirs believes that the main downstream unsaturated resin of maleic anhydride was still in the off-season, and the procurement of maleic anhydride remained in high demand; 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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