SunSirs: Maleic Anhydride Market Slightly Declined (July 3-9)

Price trend

According to data from SunSirs, the domestic maleic anhydride market slightly declined this week. As of July 9th, the average market price of maleic anhydride produced by n-butane oxidation method remained at 6,120.00 RMB/ton, a decrease of 0.65% compared to July 3rd, which was 6,160.00 RMB/ton, and a decrease of 6.99% compared to the same period last month.

On July 9th, the maleic anhydride commodity index was 57.65 points, unchanged from the previous day, a decrease of 65.36% from the cycle's highest point of 166.43 points (2021-12-15), and an increase of 12.64% from the lowest point of 51.18 points on April 14th, 2020. (Note: The cycle refers to the period from September 1st, 2011 to the present)

Analysis review

This week, the downstream resin market was weak. Resin manufacturers had poor shipments, market supply was sufficient, inventory levels were high, and replenishment capacity for maleic anhydride was limited. The international crude oil market was fluctuating and rising, with the raw material n-butane market being sorted out, and there was no significant improvement in the terminal market. The maleic anhydride market was mainly sorted out. As of July 9, the solid anhydride in Shandong was about 5,700 RMB/ton, that in Jiangsu was about 5,700 RMB/ton, and that in South China was about 6,200 RMB/ton.

On the upstream side, the price of pure benzene had slightly increased this week. On July 3rd, the price of pure benzene was 6,203 RMB/ton, and on July 9th, the price of pure benzene was 6,260 RMB/ton, an increase of 1.34%. The ex factory price of hydrogenated benzene in North China rose slightly. On July 3, the price of hydrogenated benzene was 6,100 RMB/ton, and on July 9, the price was 6,243 RMB/ton, up 2.35%. This week's regular butane market was sorted out, and as of July 9th, the price in Shandong was around 4,300 RMB/ton.

Market outlook

SunSirs maleic anhydride product analysts believe that the upstream n-butane market of maleic anhydride was sorted out this week, and the downstream resin market was weak. However, over the weekend, prices of maleic anhydride in major Shandong factories increased, and factories mainly executed preliminary orders, without any pressure to sell. It is expected that the maleic anhydride market may rise in the near future.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.