SunSirs: In May, the Domestic Supply of Maleic Anhydride was Sufficient and the Price Fluctuated Downward

According to the commodity analysis system of SunSirs, the domestic maleic anhydride market fluctuated downward in May. As of May 31, the average price of maleic anhydride was 6,550.00 RMB/ton (all tax included), down 5.42% from 6,925.00 RMB/ton on May 1.

Supply: In May, the supply of maleic anhydride market was relatively sufficient, the upstream n-butane market fell sharply, the cost support was limited, the downstream unsaturated resin maintained a rigid demand for maleic anhydride, the maleic anhydride market shipments were general, and the market trend fluctuated downward.

At present, Yantai Wanhua will be shut down until mid-June, Hengli Petrochemical has a low load, Qingdao Refining and Chemical is selling normally, Ruilai New Materials has resumed production, and Huizhou Yuxin has started to put materials into operation.

As of May 31, the ex-factory price of solid anhydride in Shandong Province was around 6,000 RMB/ton, and the ex-factory price of liquid anhydride was around 5,500 RMB/ton.

Upstream: In May, the market price of pure benzene in Shandong Province fluctuated downward. The market price fell in the first half of the month, rose in the middle of the month, and fell in the second half of the month. The price on May 1 was 5708.67 RMB/ton; the price on May 30 was 5752 RMB/ton, down 0.67% from the beginning of the month.

In May, the domestic n-butane market price fell sharply. As of May 31, the price in Shandong was around 4750 RMB/ton.

Downstream: In May, the unsaturated resin market was mainly weak and consolidated. The downstream of unsaturated resin had a rigid demand for purchase, and the support for unsaturated resin was limited. The market was in a wait-and-see mood.

The maleic anhydride product analyst of SunSirs believes that the main downstream resin of maleic anhydride currently maintains a rigid demand for maleic anhydride purchases, the market is in a wait-and-see mood, and the purchasing sentiment is cautious. The current maleic anhydride market has entered the annual low point, and it is expected that the maleic anhydride market will be mainly weak and consolidated in the near future.

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