SunSirs: The Domestic Maleic Anhydride Market Continued to Decline in July

https://www.chemnet.com   Jul 17,2024 SunSirs

Price trend

According to the commodity analysis system of SunSirs, the domestic maleic anhydride market continued to decline in July. As of July 16th, the average market price of n-butane oxidation maleic anhydride remained at 6,920 RMB/ton, a decrease of 2.40% from 7,090 RMB/ton on July 1st.

Analysis review

Supply side: Wanhua suspended auctions, Dafeng Jiangning resumed production and was about to ship, Ruilai New Materials was temporarily suspended; Recently, the market for maleic anhydride had mainly been consolidating at a low level, with weak and volatile market prices. As of July 16th, the ex factory price of solid anhydride in Shandong region was around 6,400 RMB/ton, and the ex factory price of liquid anhydride was around 6,000 RMB/ton.

Upstream: Recently, the international crude oil market had fluctuated, and the price of n-butane had risen recently. As of July 16th, the price in Shandong was around 5,300-5,350 RMB/ton.

Downstream: Recently, the prices of the main unsaturated resin factories remained stable, and unsaturated resins had entered the off-season. Downstream production was limited, and support for unsaturated resins was limited. The overall operating rate of unsaturated resins had declined.

Market outlook

SunSirs' maleic anhydride product analyst believes that the recent low level consolidation of the maleic anhydride market was the main reason, with limited transactions; Downstream unsaturated resins had entered the off-season, and the operating rate continued to decline. The procurement of maleic anhydride was limited, and it is expected that the maleic anhydride market will mainly consolidate at a low level in the near future.

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