According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has risen after the holiday. As of February 26, the average market price of n-butane oxidation maleic anhydride remained at 5300 yuan/ton, an increase of 0.95% from 5250 yuan/ton on February 23.

Supply side: The market for maleic anhydride continues to rise after the holiday: The bidding prices of Wanhua have continued to rise after the holiday, and the transaction situation is good, which supports the maleic anhydride market. The prices of the main factories for maleic anhydride have increased, but the downstream unsaturated resin is still in the early stage of resuming production, and new orders are limited. As of February 26th, the solid anhydride market in Shandong Province operates around a factory price of 5000 yuan/ton, while the liquid anhydride market operates around a factory price of 4750 yuan/ton.
Upstream: After the holiday, the n-butane market slightly fell, with Saudi CP prices rising by $20 to $540/ton in February. As of February 26th, the price in Shandong was around 4520 yuan/ton.
Downstream: The unsaturated resin market has resumed work gradually after the holiday, and the market situation is mainly wait-and-see, with limited support for unsaturated resin.
Business Society’s maleic anhydride product analyst believes that the main downstream unsaturated resin of maleic anhydride is gradually resuming work; There is currently no inventory pressure from maleic anhydride manufacturers, and it is expected that the maleic anhydride market may have an upward trend in the near future.