Price Trend
Business Club: Narrow Ranking Trend of Maleic Anhydride Market this week (3.11-3.15)
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According to the data of business associations, the average price of maleic anhydride offer by the end of the weekend was 7600.00 yuan/ton (all including tax), and the trend of weak consolidation of the offer.
II. Market Analysis
Product: This week, the domestic maleic anhydride market as a whole is in a weak state of consolidation.
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Industry chain: Firstly, the domestic unsaturated resin factories resumed slowly this week, the downstream demand was insufficient, resin factories still mainly digested inventory, the domestic maleic anhydride market was narrowly sorted, and negotiations were weak; secondly, the mainstream factories were mainly vulnerable to sorting out quotations. The fluctuation of crude oil in the periphery affects the intra-field mentality. Crude Oil supports the market. The pure benzene of raw material is loosened. The n-butane performance of raw material is strong. In the short run, the profit margins of benzene and butane maleic anhydride remain stable. At the same time, Dongying Code and Qifa are still parking, and the start-up rate is expected to rise next week. Finally, downstream warehouse replenishment is cautious, logistics recovery is slow, and factories are mainly on the lookout.
3. Future Market Forecast
At present, the domestic maleic anhydride market is likely to remain tidy in the near future, and the overall price may be the same as this week, according to the analyst of maleic anhydride products of Business Society Chemical Branch.
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