Price trend:

According to data from the SunSirs' commodity analysis system, the domestic maleic anhydride market saw a slight decline last week. As of November 21, the average market price of maleic anhydride produced by the n-butane oxidation method remained at 5,162.50 RMB/ton, a decrease of 0.96% compared to the price of 5,212.50 RMB/ton on November 17.

Market Analysis

On the supply side: Maleic anhydride prices generally declined last week. Wanhua's Yantai auctions saw multiple failed bids, and the East China auctions also experienced incomplete sales. Prices remained generally stable, offering limited support to the maleic anhydride market. Major maleic anhydride manufacturers saw slight price reductions. Downstream unsaturated resin producers had limited demand for maleic anhydride, and the stockpiling atmosphere was generally weak. As of November 21st, the ex-factory price of solid maleic anhydride in Shandong was around 4,850 RMB/ton, and the ex-factory price of liquid maleic anhydride was around 4,650 RMB/ton.

Upstream: The n-butane market remained generally stable last week, with prices in Shandong around 4,730 RMB/ton as of November 21.

Downstream: The unsaturated resin market was consolidating with a weak trend, and downstream transactions were generally average, mainly consisting of small orders for immediate needs.

Market outlook

According to analysts at SunSirs, the main downstream demand for maleic anhydride was driven by essential needs for unsaturated resins. With no significant increase in supply and Wanhua's repeated failed auctions, market sentiment was cautious, and the market is expected to consolidate in the near term.

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