According to the Commodity Analysis System of Business Society, the domestic market for maleic anhydride has recently slightly declined. As of January 22, the average market price of n-butane oxidation method maleic anhydride remained at 7199.80 yuan/ton, a decrease of 1.37% from the price of 7300.00 yuan/ton on January 15.

In terms of supply: Recently, the prices of major factories have remained stable, with limited new orders signed, and downstream demand for restocking has been the main focus. As of January 22nd, the factory price of solid anhydride in Shandong region is around 6800 yuan/ton, and the factory price of liquid anhydride is around 6400 yuan/ton.

Upstream: The overall market for hydrogenated benzene is on the rise, while the supply side is expected to increase due to the recent rise in hydrogenated benzene prices. Currently, enterprises are actively starting production, and some enterprises that have undergone preliminary maintenance have resumed production. The operating rate has slightly increased this week, and the supply of hydrogenated benzene is expected to increase. In terms of demand, some downstream enterprises undergo maintenance, but as the Spring Festival approaches, downstream enterprises have varying degrees of stocking plans, so the market expects overall good demand in the near future.

Recently, the international crude oil market has been volatile, with the upstream naphtha market mainly consolidating at a high level and the n-butane market remaining stable. As of January 22, the price in Shandong is around 5100 yuan/ton.

Downstream aspect: Currently, the unsaturated resin market is about to shut down for a holiday, with weak downstream demand and average overall market trading.

Business Society’s maleic anhydride product analyst believes that the current maleic anhydride factory quotation is mainly stable, and downstream unsaturated resin is about to stop production for vacation, with limited demand. It is expected that the maleic anhydride market will consolidate in the near future.