According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has been weak recently. As of January 27th, the average market price of n-butane oxidation maleic anhydride remained at 6620 yuan/ton, stable compared to January 22nd.

Supply side: Recently, Yantai Wanhua has resumed bidding, leading to a recovery in market supply and a decline in bidding prices. Factory execution prices have also fallen, and downstream unsaturated resin manufacturers of maleic anhydride have entered a shutdown period, with on-demand procurement being the main focus, while maleic anhydride traders remain stable. As of January 27th, the factory price of solid anhydride in Shandong region is around 6400 yuan/ton, and the factory price of liquid anhydride is around 6000 yuan/ton.

Upstream: In late January, the overall price of n-butane rose, and as of January 27th, the price in Shandong was around 5100-5150 yuan/ton.

Downstream aspect: As the Spring Festival approaches, unsaturated resin enterprises have entered a parking cycle, and the downstream demand for unsaturated resin is urgent. The support for unsaturated resin is limited, and currently the procurement of maleic anhydride for unsaturated resin is limited.

The analyst of Shengyi Society’s maleic anhydride products believes that downstream unsaturated resins have entered a shutdown cycle, maintaining a focus on essential demand and providing limited support for the maleic anhydride market; At present, the main factories producing maleic anhydride are mainly implementing stable prices. After the holiday, downstream suppliers may need to stock up urgently, and it is expected that the maleic anhydride market will rise slightly after the holiday.