1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride rose this week. As of August 29, the average price of maleic anhydride by benzene hydrogenation remained at 11800.00 yuan / ton, an increase of 0.57% compared with the average price of 11733.33 yuan / ton on August 23, and an increase of 2.61% compared with the same period last month.

On August 29, the maleic anhydride commodity index was 111.16, unchanged from yesterday, down 10.12% from the highest point 123.67 in the cycle (December 26, 2017), and up 117.19% from the lowest point 51.18 on April 14, 2020（ Note: period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

This week, the construction of domestic benzene maleic anhydride market was basically stable, and the construction was started in Shanxi in early September. International crude oil rose sharply and domestic chemical prices rose; The operating rate of unsaturated resin in the downstream has increased. The resin market is dominated by weak consolidation and just need procurement. As of the 29th, the solid anhydride in Shandong was about 11600 yuan / ton, the liquid anhydride in Jiangsu was about 11500 yuan / ton, the solid anhydride in Shanxi was about 11500 yuan / ton, the solid anhydride in Hebei was about 11500 yuan / ton, and the solid anhydride in South China was about 12000 yuan / ton.

Upstream, the price of pure benzene rose slightly this week. On August 22, the average price of pure benzene was 7480 yuan / ton, and on August 29, the average price of pure benzene was 7560 yuan / ton, up 80 yuan / ton, or 1.07%. This week, the market price of hydrogenated benzene in Shandong was temporarily stable, at 7425 yuan / ton last weekend and 7425 yuan / ton this weekend, flat. The price of n-butane rose, and the price in Shandong was 5510 yuan / ton.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 34th week of 2021 (8.23-8.27), there are 36 kinds of commodities rising month on month in the chemical sector, including 7 kinds of commodities rising by more than 5%, accounting for 7.1% of the monitored commodities in the sector; The top three commodities were formic acid (19.23%), R22 (12.00%) and yellow phosphorus (11.26%). A total of 24 commodities decreased month on month, and 3 commodities decreased by more than 5%, accounting for 3.1% of the monitored commodities in this sector; The products with the top three declines were liquid ammonia (- 11.83%), dimethyl carbonate (- 8.66%) and urea (- 5.45%). The average rise and fall this week was 0.54%.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the supply of domestic maleic anhydride market is limited, some factories are pre sold to late September, and the downstream resin market just needs to be purchased. It is expected that the maleic anhydride market may fluctuate at a high level in the near future.