SunSirs: Downstream Procurement was Cautious, and the Market for Maleic Anhydride was Consolidating at a Low Level

Price trend

According to the commodity analysis system of SunSirs, the domestic maleic anhydride market stabilized at a low level on June 30th, with a slight overall decline. As of June 30th, the average market price of n-butane oxidation maleic anhydride remained at 6,250 RMB/ton, a decrease of 0.4% from 6,275.00 RMB/ton on June 29th.

Analysis review

On the supply side: On June 30th, the market for maleic anhydride stabilized at a low level, with factory prices slightly falling. Downstream purchases were cautious, and new orders were limited. As of June 30th, Yantai Wanhua had resumed production and operation, while Hubei Zhongneng had started to gradually feed and operate; Recently, downstream unsaturated resin manufacturers of maleic anhydride maintained a stock of essential goods and were mainly observing the situation. As of June 30th, the factory price of solid anhydride was around 5,700 RMB/ton, and the factory price of liquid anhydride was around 5,250 RMB/ton.

Upstream: On June 30th, the n-butane market rose slightly by 10 RMB/ton, and as of June 30th, the price in Shandong was around 4,600-4,650 RMB/ton.

Downstream: On June 30th, the unsaturated resin market was mainly weak and stable. As of June 30th, unsaturated resin was still in the off-season, and downstream transactions were average. The support for unsaturated resin was limited, and the market had a strong wait-and-see sentiment.

Market outlook

The maleic anhydride products analyst of SunSirs believes that as of June 30th, the main downstream unsaturated resin of maleic anhydride maintained a rigid demand for maleic anhydride procurement, and the market was mainly wait-and-see; The upstream n-butane market for maleic anhydride remained stable, with limited cost support. It is expected that the maleic anhydride market will mainly consolidate at a low level in the near future.

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