1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride fell slightly this week. As of May 15, the average price of benzene hydrogenation maleic anhydride remained at 10233.33 yuan / ton, down 2.54% from the average price of 10500.00 yuan / ton on May 9 and 9.17% from the same period last month.

On May 15, the maleic anhydride commodity index was 96.40, unchanged from yesterday, down 42.08% from the highest point of 166.43 in the cycle (2021-12-15), and up 88.35% from the lowest point of 51.18 on April 14, 2020. (Note: the period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

This week, the domestic benzene maleic anhydride market started to decline. In the near future, the downstream unsaturated resin market has been basically stable, dominated by rigid demand. As of the 29th, the solid anhydride in Shandong was about 9500 yuan / ton, that in Jiangsu was about 9500 yuan / ton, that in Shanxi was about 9500 yuan / ton, that in Hebei was about 9500 yuan / ton, and that in South China was about 9500 yuan / ton.

Upstream, the price of pure benzene fell first and then rose this week. The average price of pure benzene was 8750 yuan / ton on May 6 and 8940 yuan / ton on May 13, up 190 yuan / ton or 2.17% from last week. In the later stage, the arrival of pure benzene is still small, the port inventory may continue to decline, and the price of pure benzene in East China remains relatively high. The lower reaches of Shandong Province prefer to purchase low-cost hydrogenated benzene, which drags down the pure benzene market and has a price difference with East China. The ex factory price of hydrogenated benzene in North China rose as a whole this week, from 8662.5 yuan / ton last weekend to 8700 yuan / ton this weekend, up 0.43% this week. In terms of n-butane, the price in Shandong was 6500 yuan / ton as of May 15.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the domestic maleic anhydride market is mainly sorted out, and the downstream resin manufacturers are mainly in need of purchase. The production of Jiangsu maleic anhydride factory will be reduced, and the supply will be reduced, but there is no obvious benefit in the downstream resin. It is expected that the maleic anhydride market will be mainly sorted out in the near future.