SunSirs: Recently, the Overall Domestic Market for Maleic Anhydride Has Been Declining

https://www.chemnet.com   Oct 29,2024 SunSirs

Price trend

According to the commodity analysis system of SunSirs, the overall domestic market for maleic anhydride has been declining recently. As of October 27th, the average market price of n-butane oxidation maleic anhydride remained at 6,470 RMB/ton, a decrease of 1.52% from 6,570 RMB/ton on October 21st.

Analysis review

Supply side: The operating rate of maleic anhydride had increased this week, and the supply had increased; This week, the prices of the main factories producing maleic anhydride declined, and the quotes from distributors also fell. The signing of new orders by factories was limited, and there was a strong wait-and-see sentiment in the market. As of October 27th, the ex factory price of solid anhydride in Shandong region was around 6,000 RMB/ton, and the ex factory price of liquid anhydride was around 5,800 RMB/ton.

Upstream: The overall international crude oil market had risen this week, with n-butane falling first and then rising. As of October 27th, the price in Shandong was around 5,150 RMB/ton.

Downstream: This week, the unsaturated resin market remained weak and stable, with insufficient follow-up on downstream demand for unsaturated resin, limited support for unsaturated resin, and strong market wait-and-see sentiment.

Market outlook

The maleic anhydride products analyst of SunSirs believes that downstream unsaturated resins maintained a strong demand and provided limited support for the maleic anhydride market; The supply of maleic anhydride had increased, and the recent signing of new orders by factories was limited. It is expected that the maleic anhydride market will be mainly weakly consolidated in the near future.

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