Price trend

According to the commodity analysis system of SunSirs, the domestic maleic anhydride market has declined slightly recently. As of October 27, the average market price of maleic anhydride produced by n-butane oxidation remained at 5,375 RMB/ton, down 1.38% from 5,450 RMB/ton on October 20. 

Analysis review 

On the supply side, maleic anhydride prices have recently declined overall. The lack of a successful auction at Wanhua in Yantai earlier this year provided limited support for the market, leading to a price correction at major manufacturers. However, Wanhua's recently increased auction prices have contributed to a slight recovery in the maleic anhydride market. However, limited purchases of maleic anhydride by unsaturated resin manufacturers, the downstream sector, have led to a lack of stocking. As of October 27, the ex-factory price of solid maleic anhydride in Shandong Province was around 5,000 RMB/ton, and the ex-factory price of liquid maleic anhydride was around 4,800 RMB/ton.

Upstream: The overall n-butane market fell this week. As of October 27, the price in Shandong was around 4,230 RMB/ton.

On the downstream side: the unsaturated resin market was mainly stable, the operating load of some factories increased slightly, and the downstream transactions were general, mainly maintaining basic needs.

Market outlook

Analysts of maleic anhydride products at SunSirs believe that the main downstream demand for maleic anhydride is unsaturated resins; there was no obvious increase in maleic anhydride supply, and the main production area Shandong followed the increase in Yantai Wanhua's auction prices. It is expected that the maleic anhydride market may rise slightly in the near future.

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