According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market remained stable at the end of the month, with a slight overall increase. As of April 30th, the average market price of n-butane oxidation maleic anhydride remained at 6925 yuan/ton, an increase of 0.36% from 6900 yuan/ton on April 27th.

Supply side: At the end of the month, the price of maleic anhydride factory remained stable; At present, Wanhua in Yantai is parked, Hengli Petrochemical has a low load, and Qingdao Refining has not officially sold out; Downstream unsaturated resin manufacturers of maleic anhydride mainly digest the initial inventory. As of April 30th, the factory price of solid anhydride in Shandong region is around 6700 yuan/ton, and the factory price of liquid anhydride is around 6400 yuan/ton.

Upstream: At the end of the month, the overall price of n-butane fell, and as of April 30th, the price in Shandong was around 5050 yuan/ton.

Downstream: Currently, the price of unsaturated resin remains stable, and there are plans to shut down some unsaturated resin plants during the May Day holiday, resulting in a relatively reduced supply. Unsaturated resin is urgently needed for downstream procurement, which has limited support for unsaturated resin and a strong market wait-and-see sentiment.
Business Society’s maleic anhydride product analyst believes that the main downstream resin of maleic anhydride has gradually stopped production before the holiday, and market support is limited; At present, the maleic anhydride market is cautious about the post holiday market, and it is expected that the market will mainly consolidate in the near future.