According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has slightly declined recently. As of November 4th, the average market price of n-butane oxidation maleic anhydride remained at 5325 yuan/ton, a decrease of 0.93% from 5375 yuan/ton on October 27th.
Supply side: Recently, the market for maleic anhydride has fallen, with no transactions in the Yantai auction and incomplete transactions in the East China auction. In addition, the price drop has limited support for the maleic anhydride market, and the prices of major maleic anhydride factories have also fallen; At present, there are resuming production facilities in the production area of maleic anhydride in Shandong, and there are plans to sell new facilities in Fujian. The market supply has increased, which has limited support for the maleic anhydride market. As of November 4th, the factory price of solid anhydride in the maleic anhydride market in Shandong is around 4900 yuan/ton, while the factory price of liquid anhydride is around 4650 yuan/ton.
Upstream: Recently, the n-butane market has continued to rise, supporting the maleic anhydride market. As of November 4th, the price in Shandong was around 4420 yuan/ton.
Downstream: Recently, the prices of unsaturated resin raw materials have fallen, providing limited support for the resin market, which has fallen to an annual low.
Business Society’s maleic anhydride product analyst believes that there are currently resuming production facilities in the maleic anhydride production area of Shandong, and there are plans to sell new facilities in Fujian. The market supply has increased, and market operations are cautious; In addition, the weak consolidation of the downstream unsaturated resin market, which is the main force of maleic anhydride, has limited support for the maleic anhydride market. It is expected that the maleic anhydride market may decline in the near future.