Market consolidation of maleic anhydride this week (6.17-6.21)
According to data from business associations, the average price of maleic anhydride offer by the end of the weekend was 6550.00 yuan/ton (including taxes), and the offer was weak.
II. Market Analysis
Product: This week, the domestic maleic anhydride market as a whole continued to decline.
Industry chain: First of all, unsaturated resin continued to operate weakly this week. Resin factories mainly purchased on demand, and domestic maleic anhydride market weakened. Secondly, mainstream factories continued to offer excessive prices, and the current market supply exceeds demand. The fluctuation of crude oil in the periphery affects the market mentality, and the rise of Crude Oil supports the market to a certain extent. The rise of oil price leads to the rise of pure benzene price in the upstream raw material, while the price of n-butane is still hovering at a low price, the market supply is sufficient, and the downstream is still in the off-season. In the short run, the profit margins of maleic anhydride by benzene and butane methods remain stable. Finally, at present, downstream warehouse replenishment is cautious, and factories are mainly on the lookout.
3. Future Market Forecast
At present, domestic maleic anhydride market may stop falling and stabilize in the near future, with prices rising slightly, according to analysts of maleic anhydride products of Business Society Chemical Branch.