Maleic anhydride market fell this week (7.22-7.26)

Price Trend

Maleic anhydride market fell this week (7.22-7.26)

According to data from business associations, the average price of maleic anhydride offered by the end of the weekend was 7000.00 yuan/ton (including taxes), and the offer fell by 0.36%.

II. Market Analysis

Product: This week, the domestic maleic anhydride market as a whole showed a downward trend.

Industry chain: First, the domestic unsaturated resin start-up rate is low this week, and high temperature weather restricts the start-up of resin factories, resin downstream demand is weak pressure resin start-up, the overall procurement mood is not high; Second, the supply of maleic anhydride on the market is sufficient, in the off-season demand, manufacturers’shipment intention is obvious. The fluctuation of crude oil in the periphery affects the intra-field mentality. Crude oil rises better than the market; pure benzene price of upstream raw material falls slightly, butane price is still hovering at a low price, and the market supply is adequate. Environmental safety factors such as suppressing demand performance, chemical industry in Zibo area of Shandong Province requires a 30% production limit from August to September.

3. Future Market Forecast

Analysts of Maleic Anhydride Products of Business Society Chemical Branch believe that at present, the gap between supply and demand of short-term maleic anhydride still exists, and the pressure of loss in benzene process is high. At present, the downstream resin start-up has not improved significantly, and the maleic anhydride market may have a downward trend in the short term.