1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride rose this week. As of August 22, the average price of benzene hydrogenation maleic anhydride remained at 11733.33 yuan / ton, an increase of 2.33% over the average price of 11466.67 yuan / ton on August 16, and an increase of 4.30% over the same period last month.

On August 22, the maleic anhydride commodity index was 110.53, the same as yesterday, down 10.63% from the highest point of 123.67 in the cycle (December 26, 2017), and up 115.96% from the lowest point of 51.18 on April 14, 2020（ Note: period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

This week, the construction of domestic benzene maleic anhydride market was basically stable, and the construction in Shanxi was started at the end of August. International crude oil fell sharply and domestic chemical prices fell slightly; The operating rate of unsaturated resin in the downstream is basically stable. The resin market is dominated by weak consolidation and just need procurement. As of the 22nd, the solid anhydride in Shandong was about 11800 yuan / ton, the liquid anhydride in Jiangsu was about 11500 yuan / ton, the solid anhydride in Shanxi was about 11500 yuan / ton, the solid anhydride in Hebei was about 11500 yuan / ton, and the solid anhydride in South China was about 11800 yuan / ton.

Upstream, the price of pure benzene fell continuously this week. On August 15, the average price of pure benzene was 7540 yuan / ton, and on August 22, the average price of pure benzene was 7480 yuan / ton, down 60 yuan / ton, or 0.8%. This week, the market price of hydrogenated benzene in Shandong was slightly corrected, which was 7375 yuan / ton last weekend, 7425 yuan / ton this weekend, and increased by 50 yuan / ton this week. The price of n-butane rose, and the price in Shandong was 5060 yuan / ton.

According to the price monitoring of the trading society, according to the price monitoring of the trading society, in the list of commodity prices rising and falling in the 33rd week of 2021 (8.16-8.20), there are 46 kinds of commodities in the chemical industry sector, including 3 kinds of commodities with an increase of more than 5%, accounting for 3.1% of the monitored commodities in the sector; The top three commodities were acetone (12.28%), isopropanol (11.76%) and silicone DMC (6.83%). A total of 23 commodities decreased month on month, and the top three products were dimethyl carbonate (- 4.75%), styrene (- 2.95%) and 1,4-butanediol (- 2.60%). The average rise and fall this week was 0.79%.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the domestic maleic anhydride market is tight, some factories are pre sold to September, and the downstream resin market just needs to be purchased. It is expected that the maleic anhydride market may fluctuate at a high level in the near future.