According to the commodity analysis system of SunSirs, the domestic maleic anhydride market continued to fall in mid-July. As of July 21, the average market price of maleic anhydride produced by n-butane oxidation remained at 6,075 RMB/ton, down 1.22% from 6,150.00 RMB/ton on July 11.

Supply: In mid-July, the maleic anhydride market was consolidated at a low level, the factory's execution price fell slightly, downstream procurement was cautious, and new orders were limited. At present, Yantai Wanhua is operating normally, and Hubei Zhongneng plans to officially sell it this week; recently, maleic anhydride downstream unsaturated resin manufacturers have maintained rigid demand and are mainly waiting and watching.

As of July 21, the ex-factory price of solid maleic anhydride in Shandong region was around 5,600 RMB/ton, and the ex-factory price of liquid maleic anhydride was around 5,100 RMB/ton.

Upstream: The n-butane market fluctuated in mid-July, and the price in Shandong was around 4,650 RMB/ton as of July 21.

Downstream: The recent unsaturated resin market is mainly weak and consolidated. At present, unsaturated resin is in the off-season, and downstream transactions are general. The support for unsaturated resin is limited, and the market is in a wait-and-see mood.

Analysts of maleic anhydride products at SunSirs believe that the main downstream of maleic anhydride, unsaturated resin, is still in the off-season, and the purchase of maleic anhydride remains rigid; the market of n-butane upstream of maleic anhydride is volatile, and the cost support of maleic anhydride is limited. In addition, the maleic anhydride market is in sufficient supply, and the factory orders continue to be poor. It is expected that the maleic anhydride market will be mainly consolidated at a low level in the near future.

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