Price trend

According to data from the SunSirs' commodity analysis system, the domestic maleic anhydride market rose after the holiday. As of February 26, the average market price of maleic anhydride produced by the n-butane oxidation method remained at 5,300 RMB/ton, an increase of 0.95% compared to 5,250 RMB/ton on February 23.

Market Analysis

On the supply side: Maleic anhydride prices continued to rise after the holiday: Auction prices from Wanhua Chemical continued to rise after the holiday, with good transaction volume, supporting the maleic anhydride market. Major maleic anhydride manufacturers raised prices, but downstream unsaturated resin production was still in the early stages of resumption, and new orders were limited. As of February 26th, the ex-factory price of solid maleic anhydride in Shandong was around 5,000 RMB/ton, and the ex-factory price of liquid maleic anhydride was around 4,750 RMB/ton.

Upstream: After the holiday, the price of n-butane declined slightly. The Saudi CP price for February was raised by $20 to $540/ton, and as of February 26, the price in Shandong was around 4,520 RMB/ton.

Downstream: After the holiday, unsaturated resin production gradually resumed, and the market was mainly in a wait-and-see mode, providing limited support for unsaturated resin.

Market Outlook

According to analysts at SunSirs, the main downstream industries of maleic anhydride, unsaturated resins, were gradually resuming production; maleic anhydride manufacturers currently had no inventory pressure, and the maleic anhydride market is expected to see an upward trend in the near future.

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