SunSirs: At the End of the Month, the Domestic Maleic Anhydride Market Was stable

Price trend

According to the commodity analysis system of SunSirs, the domestic maleic anhydride market remained stable at the end of the month, with a slight overall increase. As of April 30th, the average market price of n-butane oxidation maleic anhydride remained at 6,925 RMB/ton, an increase of 0.36% from 6,900 RMB/ton on April 27th.

Analysis review

Supply side:

At the end of the month, the price of maleic anhydride factory remained stable; As of April 30th, Wanhua in Yantai was parked, Hengli Petrochemical had a low load, and Qingdao Refining had not officially sold out; Downstream unsaturated resin manufacturers of maleic anhydride mainly digested the initial inventory. As of April 30th, the factory price of solid anhydride in Shandong region was around 6,700 RMB/ton, and the factory price of liquid anhydride was around 6,400 RMB/ton.

Upstream: At the end of the month, the overall price of n-butane fell, and as of April 30th, the price in Shandong was around 5,050 RMB/ton.

Downstream: As of April 30th, the price of unsaturated resin remained stable, and there were plans to shut down some unsaturated resin plants during the May Day holiday, resulting in a relatively reduced supply. Unsaturated resin was urgently needed for downstream procurement, which had limited support for unsaturated resin and a strong market wait-and-see sentiment.

Market outlooks

SunSirs' maleic anhydride product analyst believes that the main downstream resin of maleic anhydride has gradually stopped production before the holiday, and market support was limited; As of April 30th, the maleic anhydride market was cautious about the post holiday market, and it is expected that the market will mainly consolidate in the near future.

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