Price Trend

Business Club: This week’s disadvantaged finishing trend of maleic anhydride market (3.4-3.8)

According to the data of business associations, the average price of maleic anhydride offer by the end of the weekend was 7600.00 yuan/ton (all including tax), and the trend of weak consolidation of the offer.

II. Market Analysis

Product: This week, the domestic maleic anhydride market as a whole is in a weak state of consolidation.

Industry chain: Firstly, this week, domestic unsaturated resin factories resumed slowly, the downstream demand was insufficient, resin factories mainly digested inventory, domestic maleic anhydride market was weak and negotiations were weak; secondly, mainstream factories quoted loosely and weak finishing was dominant. Peripheral crude oil fluctuations affect the intra-field mentality, crude oil has support market or interval shocks, raw material pure benzene weakening drag mentality, n-butane price is stable, in the short term, the profit margin of benzene and butane maleic anhydride is stable. At the same time, Dongying Code and Qifa stop, and the starting rate is expected to be flat next week. Finally, downstream warehouse replenishment is cautious, logistics recovery is slow, and factories mainly wait and see.

3. Future Market Forecast

At present, the domestic maleic anhydride market may remain stalemate and consolidation in the near future, and the overall price may be the same as this week, according to the analyst of maleic anhydride products of Business Society Chemical Branch.