Price Trend
Business associations: This week’s weak finishing trend in maleic anhydride market (3.18-3.22)
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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 7200.00 yuan/ton (all including tax), and the trend of weak consolidation of offer.
II. Market Analysis
Product: This week, the domestic maleic anhydride market as a whole showed a weak trend of consolidation.
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Industry chain: First, the domestic unsaturated resin runs smoothly this week, the downstream demand is general, resin factory purchasing on demand is dominant, domestic maleic anhydride market is weak, negotiations are weak; secondly, the mainstream factory price is dominant. Peripheral crude oil fluctuations affect the field’s psychology, crude oil has a certain support market; upstream raw materials pure benzene and n-butane rose slightly, the market supply is sufficient, in the short term, the profit margin of benzene and butane maleic anhydride remained stable. Finally, at present, downstream warehouse replenishment is cautious, and factories are mainly on the lookout.
3. Future Market Forecast
At present, the domestic maleic anhydride market is likely to maintain a weak consolidation trend 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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