According to the commodity analysis system of Shengyi Society, the overall domestic market for maleic anhydride slightly increased in mid May. As of May 20th, the average market price of n-butane oxidation maleic anhydride remained at 6675 yuan/ton, an increase of 0.56% from 6673.50 yuan/ton on May 11th.
Supply side: In mid May, the maleic anhydride factory implemented a slight overall price adjustment; Downstream unsaturated resin manufacturers of maleic anhydride are cautious in their stocking operations and mainly adopt a wait-and-see approach. As of May 20th, the factory price of solid anhydride in Shandong region is around 6200 yuan/ton, and the factory price of liquid anhydride is around 5600 yuan/ton.
Upstream: The n-butane market fell sharply in mid May, and as of May 20th, the price in Shandong was around 4650-4700 yuan/ton.
Downstream: Unsaturated resin prices remained stable in mid May, with some manufacturers experiencing slight increases. Unsaturated resin is urgently needed for downstream purchases, with limited support and a strong wait-and-see sentiment in the market.
The analyst of Business Society’s maleic anhydride products believes that currently, the main downstream resin of maleic anhydride remains stable, while the upstream n-butane market of maleic anhydride has fallen sharply. The cost support of maleic anhydride is limited, and it is expected that the maleic anhydride market will mainly consolidate weakly in the near future.