According to the commodity analysis system of Shengyi Society, the overall domestic maleic anhydride market has slightly declined this week. As of September 22, the average market price of n-butane oxidation maleic anhydride remained at 6610 yuan/ton, a decrease of 0.60% from 6650 yuan/ton on September 16.

Supply side: Yantai Wanhua plans to resume production in the near future; This week, the prices of the main factories producing maleic anhydride have fallen, and the quotes from distributors have followed suit. New orders are mainly driven by urgent needs, and the market has a strong wait-and-see sentiment. As of September 22nd, the ex factory price of solid anhydride in Shandong region is around 6000 yuan/ton, and the ex factory price of liquid anhydride is around 5700 yuan/ton.

Upstream: Recently, the international crude oil market has fluctuated and risen, and the price of n-butane has slightly increased. As of September 22, the price in Shandong is around 5250 yuan/ton.

Downstream: The recent weak consolidation of the unsaturated resin market is the main reason, and downstream production continues to be sluggish, with limited procurement of essential needs and limited support for unsaturated resins.

Business Society’s maleic anhydride product analyst believes that the recent decline in the maleic anhydride market, coupled with the expected resumption of production by Yantai Wanhua, has led to a strong wait-and-see sentiment in the market and cautious operations; The downstream unsaturated resin market is mainly consolidating weakly, with limited procurement of maleic anhydride; It is expected that the maleic anhydride market will experience a narrow consolidation in the near future.