According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has slightly declined recently. As of October 27th, the average market price of n-butane oxidation maleic anhydride remained at 5375 yuan/ton, a decrease of 1.38% from 5450 yuan/ton on October 20th.
Supply side: Recently, the overall market for maleic anhydride has fallen, with previous auctions in Yantai not being successful, which has limited support for the maleic anhydride market and led to a price correction for the main maleic anhydride factories; Recently, the auction price of Wanhua has slightly increased, and the maleic anhydride market has rebounded slightly; The downstream unsaturated resin of maleic anhydride has limited procurement and poor stocking atmosphere. As of October 27th, the solid anhydride market in Shandong Province operates around a factory price of 5000 yuan/ton, while the liquid anhydride market operates around a factory price of 4800 yuan/ton.
Upstream: The overall price of n-butane has fallen this week, and as of October 27th, the price in Shandong is around 4230 yuan/ton.
Downstream: Currently, the unsaturated resin market remains stable, with some factories experiencing a slight increase in operating load. Downstream transactions are average, with a focus on maintaining basic demand.
The analyst of Shengyi Society’s maleic anhydride products believes that currently, the main downstream unsaturated resin for maleic anhydride is in urgent need of procurement; There is no significant increase in the supply of maleic anhydride, and the main production area of Shandong has followed suit with the increase in bidding prices in Yantai. It is expected that the maleic anhydride market will rise slightly in the near future.