1、 Price trend

Business agency: maleic anhydride market continued to rise in December

According to the data of business agency, the average price of maleic anhydride as of December 30 was 7700.00 yuan / ton (including tax), up and down 4.52% compared with 7366.67 yuan / ton at the beginning of the month.

On December 30, the maleic anhydride commodity index was 72.54, which was the same as yesterday, 41.34% lower than the highest point 123.67 (December 26, 2017), and 29.14% higher than the lowest point 56.17 on February 16, 2016. (Note: cycle refers to 2011-09-01 to now)

2、 Analysis of influencing factors

Product: maleic anhydride market continued to rise in December. In December, most of the major domestic maleic anhydride factories operated normally. This month, the spot inventory of maleic anhydride was tight, driving the price of maleic anhydride up. At present, maleic anhydride is in stable operation for the time being. Middlemen and downstream have strong wait-and-see mood for the future market, and the market is generally traded.

Industrial chain: crude oil rose in December. The downstream unsaturated resin operates stably, and the terminal demand is general. At present, some factories have parking plans,. According to the monitoring of business association, at present, the operating rate of hydrogenated benzene enterprises is lower than that in the earlier stage, the price difference between crude benzene and hydrogenated benzene is narrowed, the loss of hydrogenated benzene enterprises is increased, there are many maintenance plans in the near future, some units may reduce the operating rate, the price of hydrogenated benzene in East China is 5750-5800 yuan / ton, and that in Shandong is about 5550-5600 yuan / ton. The price of n-butane continued to rise this month.

3、 Future forecast

According to analysts of maleic anhydride products of business association, at present, maleic anhydride stock is limited, but there is a strong wait-and-see mood in the downstream. In addition, it is expected that the maleic anhydride market will run in a weak position in January due to the proximity of resin parking cycle.