1、 Price trend
According to the data of business news agency, the domestic market price of maleic anhydride fell this week. As of March 19, the average price of maleic anhydride by hydrogenation of benzene remained at about 10800 yuan / ton, down 4.00% from 11250 yuan / ton at the beginning of the week, and up 29.60% from the same period last month.
On March 19, the maleic anhydride commodity index was 101.74, which was the same as yesterday, decreased by 17.73% from the highest point of 123.67 in the cycle (December 26, 2017), and increased by 98.79% from the lowest point of 51.18 on April 14, 2020. (Note: period refers to the period from September 1, 2011 to now)
2、 Analysis of influencing factors
The domestic market of phthalic maleic anhydride started steady this week. International crude oil plummeted, leading to a correction in the price of chemical products; the operation rate of unsaturated resin in the lower reaches recovered slowly, the resin market was weak and wait-and-see, and just needed procurement was the main reason. As of the 19th, the amount of solid anhydride in Shandong is about 10200 yuan / ton, that in Jiangsu is about 10600 yuan / ton, that in Shanxi is about 10000 yuan / ton, that in Hebei is about 10000 yuan / ton, and that in South China is about 10000 yuan / ton.
On the upstream side, the price of pure benzene followed the trend of crude oil and styrene this week. On the 14th, the average price of pure benzene was 6670 yuan / ton, and on the 21st, the average price of pure benzene was 6450 yuan / ton, down 3.3% from last week. This week, the market price of hydrobenzene in Shandong remained stable, at 6125 yuan / ton. The price of n-butane fell, and the price in Shandong was 4100 yuan / ton.
According to the price monitoring of the business community, in the list of commodity prices in the 11th week of 2021 (3.15-3.19), there were 27 kinds of commodities in the chemical industry sector that rose month on month, among which 4 kinds of commodities increased by more than 5%, accounting for 4.3% of the total number of commodities monitored in the sector; the top 3 commodities were aniline (11.11%), lithium hydroxide (9.22%) and silicone DMC (9.01%). There were 36 kinds of commodities with a month on month decrease, and 4 kinds of commodities with a decrease of more than 5%, accounting for 4.3% of the monitored commodities in this sector; the top 3 products with a decrease were TDI (- 8.70%), styrene (- 7.45%) and cyclohexanone (- 6.21%). This week’s average rise or fall was – 0.15%.
3、 Future forecast
Business community maleic anhydride product analysts believe that the current maleic anhydride market is in a strong wait-and-see mood, and the downstream just needs to purchase, the terminal demand is low, and the wait-and-see mood is strong, and the market is expected to be weak in a short time.
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