SunSirs: The Maleic Anhydride Market Was Mainly Stable Overall This Week

https://www.chemnet.com   Aug 27,2024 SunSirs

Price trend

According to the commodity analysis system of SunSirs, the overall domestic maleic anhydride market remained stable this week, with the average market price of n-butane oxidation maleic anhydride remaining at 6,790 RMB/ton as of August 26th.

Analysis review

Supply side: Yizheng Chemical Fiber resumed production, Qingdao Refining and Chemical was expected to increase production this week, and Yantai Wanhua planned to stop production from August 26th; Recently, the prices of major factories producing maleic anhydride had slightly increased overall, while dealer quotes remained stable. As of August 26th, the ex factory price of solid anhydride in Shandong region was around 6,600 RMB/ton, and the ex factory price of liquid anhydride was around 6,050 RMB/ton.

Upstream: Recently, the international crude oil market had experienced a decline followed by an increase, with n-butane remaining stable. As of August 26th, the price in Shandong was around 5,250 RMB/ton.

Downstream: The recent weak consolidation of the unsaturated resin market was the main reason, and downstream production continued to be sluggish, with limited procurement of essential needs and limited support for unsaturated resins.

Market outlook

SunSirs' maleic anhydride product analyst believes that the recent market consolidation of maleic anhydride was the main trend, and market operations were cautious; The downstream unsaturated resin market was mainly weak and stable, with limited procurement of maleic anhydride; As of August 26th, Yantai Wanhua had stopped production, Yizheng Chemical Fiber had resumed production, and Qingdao Refining and Chemical may increase production. It is expected that the maleic anhydride market will mainly consolidate in the near future.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

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