According to the commodity analysis system of Shengyi Society, the overall domestic market for maleic anhydride rose in mid March. As of March 21, the average market price of n-butane oxidation maleic anhydride remained at 6670 yuan/ton, an increase of 1.06% from the price of 6600 yuan/ton on March 11.

On the supply side: The spot supply of maleic anhydride in the market is tight, and downstream unsaturated resin manufacturers of maleic anhydride are mainly operating steadily. Due to the slight increase in raw material prices, unsaturated resins have risen slightly, and replenishment of maleic anhydride is mainly needed for urgent needs. As of March 21st, the factory price of solid anhydride in Shandong region is around 7100 yuan/ton, and the factory price of liquid anhydride is around 6800 yuan/ton.

Upstream: Recently, the n-butane market has fallen first and then risen. As of March 21, the price in Shandong was around 5300-5350 yuan/ton.

Downstream aspect: Currently, unsaturated resin enterprises are mainly operating steadily, and unsaturated resin is urgently needed for downstream procurement, with limited support for unsaturated resin. Currently, unsaturated resin is replenishing the demand for maleic anhydride.

The analyst of Shengyi Society’s maleic anhydride products believes that the recent replenishment of downstream resin demand for maleic anhydride has basically ended, and new order signings are limited; At present, the stock of maleic anhydride is tight, and there is a limited supply of circulating goods. It is expected that the maleic anhydride market will continue to operate strongly in the near future.