1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride fell sharply this week. As of December 31, the average price of benzene hydrogenation maleic anhydride remained at 12166.67 yuan / ton, down 15.12% from the average price of 14333.33 yuan / ton on December 27 and 1.88% from the same period last month.

On December 31, the maleic anhydride commodity index was 114.61, down 3.14 points from yesterday, down 31.14% from the highest point of 166.43 in the cycle (2021-12-15), and up 123.94% from the lowest point of 51.18 on April 14, 2020. (Note: the period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

The domestic benzene maleic anhydride market started steadily this week. Recently, the operating rate of the downstream unsaturated resin market has declined, and the purchasing sentiment is general. As of the 31st, the solid anhydride in Shandong was about 11000 yuan / ton, that in Jiangsu was about 11000 yuan / ton, that in Shanxi was about 11000 yuan / ton, that in Hebei was about 11000 yuan / ton, and that in South China was about 11000 yuan / ton. This week, the domestic maleic anhydride market price fell sharply, the factory shipment was positive, the demand slowed down, the transaction was light, and the wait-and-see mood was strong.

Upstream, the pure benzene market rose this week. The average price of pure benzene was 7230.00 yuan / ton on December 31 and 6830.00 yuan / ton on December 27, an increase of 5.86%. The market price of hydrobenzene in North China rose sharply this week, at 6975.00 yuan / ton on December 31 and 6512.50 yuan / ton on December 27, up 7.10%. In terms of n-butane, the price in Shandong was 5260.00 yuan / ton as of December 31.

3、 Future forecast

According to the maleic anhydride product analysts of business society, the domestic maleic anhydride market price fell sharply this week, the factory shipment was positive, the downstream resin operating rate decreased, the just need to slow down, and the wait-and-see mood was strong. The domestic maleic anhydride stopped falling on Friday, the trading slowed down, and some factory shipments were tight. It is expected that the maleic anhydride market may be sorted out after the festival.