SunSirs: The Domestic Maleic Anhydride Market Was Mainly Consolidating Weakly This week

https://www.chemnet.com   Nov 04,2024 SunSirs

Price trend

According to the commodity analysis system of SunSirs, the domestic maleic anhydride market was mainly weakly consolidated this week. As of October 31, the average market price of n-butane oxidation maleic anhydride remained at 6,430 RMB/ton, unchanged from the price on October 28.

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 had also fallen. The market had a strong wait-and-see attitude, with new orders following up on demand. As of October 31st, the ex factory price of solid anhydride in ,Shandong region was around 5,900 RMB/ton, and the ex factory price of liquid anhydride was around 5,600 RMB/ton.

Upstream: The international crude oil market had fallen this week, and the n-butane market had also fallen. As of October 31st, the price in Shandong was around 5,050-5,150 RMB/ton.

Downstream: The unsaturated resin market remained stable this week, with downstream essential purchases being the main focus. There was limited support for unsaturated resin, and there was a strong wait-and-see sentiment in the market.

Market outlook

The analyst of SunSirs' maleic anhydride products believes that downstream unsaturated resins maintained a strong demand and provide limited support for the maleic anhydride market; The supply of maleic anhydride has increased, but the price of maleic anhydride had fallen to the annual low point, and some factories had no intention of continuing to lower their prices. It is expected that the maleic anhydride market will mainly consolidate in the near future.

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