Recently, the market for maleic anhydride has been consolidating at a low level

According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has been consolidating at a low level recently. As of August 3, the average market price of n-butane oxidation maleic anhydride remained at 5862.50 yuan/ton, a decrease of 0.21% from 5875.00 yuan/ton on July 28.

Supply side: Recently, the market for maleic anhydride has been consolidating at a low level. In the first half of the week, the bidding in Yantai was poor, and the factory execution price slightly fell. In the second half of the week, the bidding price in Yantai slightly increased, and the factory execution price followed suit. Some major factories stopped selling, and transactions were still possible under the limited signing operation. At present, the load of the three lines in Yantai is 70%, and the equipment in Hubei is malfunctioning. The plan is to restore it in mid to early August; Recently, downstream unsaturated resin manufacturers of maleic anhydride have maintained a stock of essential goods and are mainly observing the situation. As of July 29th, the factory price of solid anhydride in the maleic anhydride market in Shandong Province is around 5500 yuan/ton, while the factory price of liquid anhydride is around 5000 yuan/ton.
Upstream: Recently, the n-butane market has risen, and as of August 3rd, the price in Shandong is around 4830 yuan/ton.
Downstream: Recently, the unsaturated resin market has been weakly consolidating, and the low price of styrene in the upstream has limited support for the cost of unsaturated resin. Currently, unsaturated resin is in the off-season of consumption, and downstream transactions are average, which has limited support for unsaturated resin and weak market conditions.
The analyst of Shengyi Society’s maleic anhydride products believes that the current downstream unsaturated resin market for maleic anhydride is weak, and the procurement of maleic anhydride is limited; The closure or suspension of sales in some factories has given a certain boost to the maleic anhydride market, and it is expected that the maleic anhydride market will mainly consolidate in the near future.