According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market slightly declined in late September. As of September 30th, the average market price of n-butane oxidation maleic anhydride remained at 5450.00 yuan/ton, a decrease of 3.11% from 5625.00 yuan/ton on September 21st.
In terms of supply, the overall market for maleic anhydride fell in late September, and the previous pre holiday destocking of maleic anhydride factories provided limited support for the market; The downstream unsaturated resin of maleic anhydride has limited procurement of maleic anhydride, and the stocking atmosphere is poor; At the end of the month, Wanhua’s auction prices continued to rise, with factory prices following Zhang, but overall dealer quotes remained stable. As of September 30th, the factory price of solid anhydride in the maleic anhydride market in Shandong Province is around 5100 yuan/ton, while the factory price of liquid anhydride is around 4800 yuan/ton.
Upstream: The n-butane market rose in late September, and as of September 30th, the price in Shandong was around 4650 yuan/ton.
Downstream: Currently, the unsaturated resin market is weak, with most plans for short-term shutdowns or negative load reductions during the National Day holiday. Downstream transactions are average, and support for unsaturated resin is limited, resulting in a weak market situation.
The analyst of Shengyi Society’s maleic anhydride products believes that the current downstream unsaturated resin market for maleic anhydride is weak, and the procurement of maleic anhydride is limited; At present, there is no holding pressure in the factory, and logistics are restricted during the holiday period. It is expected that the maleic anhydride market will mainly consolidate after the holiday.