According to data from Business News Agency, the domestic maleic anhydride market has been in a weak state this week. As of April 23, the average market price of n-butane oxidation maleic anhydride remained at 7850.00 yuan/ton, a decrease of 0.51% compared to the price of 7890.00 yuan/ton on April 17, and an increase of 1.42% compared to the same period last month.
| ferric sulfate (Poly ferric sulphate) |
On April 23, the maleic anhydride commodity index was 73.95, unchanged from yesterday, a decrease of 55.57% from the cycle’s highest point of 166.43 points (2021-12-15), and an increase of 44.49% from the lowest point of 51.18 points on April 14, 2020. (Note: The cycle refers to the period from September 1st, 2011 to the present)
At present, the domestic benzene based maleic anhydride market is gradually starting to operate. Recently, the downstream resin market has been weak, and the enthusiasm for replenishment of maleic anhydride is average. As of the 23rd, solid anhydride in Shandong region is about 7500 yuan/ton, in Jiangsu region it is about 7500 yuan/ton, in Shanxi region it is about 7500 yuan/ton, mainly for self use in Hebei region, and in South China it is about 7800 yuan/ton.
| Gamma-PGA (gamma polyglutamic acid) |
On the upstream side, the price of pure benzene stabilized first and then fell. On April 17th, the average price of pure benzene was 7501 yuan/ton, and on April 21st, the average price was 7510 yuan/ton, a decrease of 0.87% compared to last week. The ex factory price of hydrogenated benzene in North China has increased by 0.68%, from 7350 yuan/ton last weekend to 7400 yuan/ton this weekend. This week’s regular butane market has been sorted out, and as of April 23, the price in Shandong is around 5500 yuan/ton.
Business Society’s maleic anhydride product analysts believe that this week, the upstream n-butane market of maleic anhydride has sorted out, while the downstream resin market is weak. They are cautious in covering positions, coupled with the downward trend of international crude oil, the market has a strong wait-and-see sentiment. However, as the May Day holiday approaches, some downstream restocking before the holiday is expected, and the maleic anhydride market may be dominated by consolidation.
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