According to the Commodity Analysis System of Business Society, the domestic market for maleic anhydride has fluctuated and declined this week. As of June 30th, the average market price of n-butane oxidation method maleic anhydride remained at 7130 yuan/ton, a decrease of 1.11% compared to June 24th at 7210 yuan/ton.
In terms of supply: Wanhua equipment is producing normally, and production will resume in Dafeng Jiangning from July 8th; Recently, the market for maleic anhydride has been mainly consolidating at a low level, with weak and volatile market prices. As of June 30th, the ex factory price of solid anhydride in Shandong region is around 6800 yuan/ton, and the ex factory price of liquid anhydride is around 6100 yuan/ton.
Upstream: The international crude oil market has been fluctuating and rising recently, with a slight increase in n-butane prices. As of June 30th, the price in Shandong is around 5250 yuan/ton.
Downstream aspect: Recently, the prices of the main unsaturated resin factories have remained stable, and unsaturated resin has entered the off-season. Downstream production is limited, and support for unsaturated resin is limited. The overall operating rate of unsaturated resin has declined.
Business Society’s maleic anhydride product analyst believes that the recent low level consolidation of the maleic anhydride market is the main trend, with limited transactions; Downstream unsaturated resins have entered the off-season, and the operating rate continues to decline. Purchasing of maleic anhydride is 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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