1、 Price trend
Business Club: the price of maleic anhydride increased first and then decreased in May
According to the data of business news agency, as of May 31, the average offer price of maleic anhydride was 11000.00 yuan / ton (including tax), down 2.22% from 11250.00 yuan / ton on May 1.
On May 31, the maleic anhydride commodity index was 103.62, unchanged from yesterday, down 16.21% from the highest point of 123.67 points (2017-12-26) in the cycle, and up 102.46% from the lowest point of 51.18 points on April 14, 2020（ Note: period refers to the period from September 1, 2011 to now
2、 Analysis of influencing factors
In May, the market price of maleic anhydride increased first and then decreased. At present, the market is weak, and the wait-and-see mood is strong. The demand procurement is the main factor. The operating rate of this month is basically stable. As of 31 December, the solid anhydride in Shandong is about 9000 yuan / ton, the liquid anhydride in Jiangsu is about 9300 yuan / ton, the solid anhydride in Shanxi is about 9500 yuan / ton, the solid anhydride in Hebei is about 9500 yuan / ton, and the solid anhydride in South China is about 9600 yuan / ton.
The market is expected to be affected by the formation of the hurricane in the Gulf of Mexico, and the oil price will be stronger; The demand growth expectation brought by vaccination; The US driving season will also boost demand. As of the end of the month, the settlement price of the main contract in the U.S. WTI crude oil futures market was US $66.32/barrel, and the settlement price of the main contract in Brent crude oil futures market was US $68.72/barrel.
At present, affected by environmental protection factors, the operating rate of unsaturated resin in the downstream is slowing down, and the resin market is in a strong wait-and-see mood, which mainly needs to be purchased.
According to the monitoring of the business association, the price of hydrogenated benzene rose first and then decreased in May. As of May 31, the average price of hydrogenated benzene in North China was 7650 yuan / ton. In May 2021, the overall operating rate of hydrogenated benzene enterprises is about 75%, which is higher than that of last month. At present, the price of hydrogenated benzene is high, the profits of enterprises are improved, and the production and sales are active. The start-up and shutdown costs of hydrobenzene enterprises are lower than that of pure benzene, and most of the manufacturers arrange production according to the profit situation. The price of n-butane was basically stable, and the price in Shandong was 4300 yuan / ton.
3、 Future forecast
| Polyglutamic acid |
Business community maleic anhydride product analysts believe that: under the state’s continued regulation of raw material prices and the game of supply and demand differences, the prices of chemical products will fall, the differences between supply and demand of maleic anhydride market will increase, the downstream just need to purchase is the main, the maleic anhydride price will be weak, and the downstream wait-and-see mood will be strong. It is expected that the maleic anhydride price will mainly decline in June.