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SunSirs: Maleic Anhydride Market Rose Slightly This Week (January 9-15)

https://www.chemnet.com   Jan 18,2023 SunSirs

  According to the data of SunSirs, the domestic market price of maleic anhydride rose slightly this week. As of January 15, the average market price of maleic anhydride by n-butane oxidation method remained at 6,925.00 RMB/ton, up 0.73% from the price of 6,875.00 RMB/ton on January 9, down 1.63% from the same period last month.

  The commodity index of maleic anhydride on January 15 was 65.24, which was the same as the previous day, down 60.80% from the highest point of 166.43 points (2021-12-15) in the cycle, and up 27.47% from the lowest point of 51.18 points on April 14, 2020. (Note: the period refers to September 1, 2011 to now)

  Analysis review

  Most of the domestic market of maleic anhydride produced by benzene was shut down this week. Due to the impact of logistics this week, the available supply of maleic anhydride was limited, and downstream resins had entered the shutdown period, mainly on demand. As of the 15th, the solid maleic anhydride in Shandong was about 6,600 RMB/ton, and that in Jiangsu was about 6,600 RMB/ton. There was no new price outflow from Shanxi and Hebei, and that in South China was about 7,200 RMB/ton.

  Upstream, the trend of pure benzene fluctuated this week. The average price of pure benzene was 6,950 RMB/ton on January 9 and 7,060 RMB/ton on January 13, up 0.31%. The ex-factory price of hydrogenated benzene in North China rose slightly, from 7,066.67 RMB/ton at the end of last week to 7,100 RMB/ton at the end of this week, up 0.47%. As for n-butane, the price in Shandong was about 5,100 RMB/ton as of January 15.

  Market outlook

  The maleic anhydride product analyst of SunSirs believes that at present, the benzene oxidation process in the domestic maleic anhydride market has a serious deficit, the factory has been shut down for maintenance, and the market circulation of goods is small; At present, some resin factories in the downstream have entered the shutdown period one after another, and the terminal demand is not good. However, the current available maleic anhydride is limited and the delivery is tight. It is expected that the maleic anhydride market will rise slightly in the near future.

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