According to the Commodity Analysis System of the Business Society, the domestic maleic anhydride market has recently rebounded and stopped falling. As of November 14th, the average market price of n-butane oxidation maleic anhydride remained at 7052.00 yuan/ton, an incre

The fluctuation of crude oil market has limited support for the domestic maleic anhydride market

The international crude oil market has been fluctuating recently. The hawkish stance of the Federal Reserve has sparked demand concerns and eased supply tension. There is still a risk of supply side tension, and OPEC+, an oil producing country, will hold a ministerial meeting on November 26th. The market generally believes that its production reduction policy will continue. The geopolitical situation in the Middle East has weakened its impact on oil prices, coupled with poor demand prospects and weak momentum for a significant rebound in oil prices.

Hydrogenated benzene market is weak, and n-butane trend is overall rising

Upstream: Recently, the market for hydrogenated benzene has been weak, and hydrogenated benzene enterprises undergoing initial maintenance have started construction one after another. The overall operating rate of hydrogenated benzene has increased, and on-site supply is slightly loose. As of the 14th, the mainstream quotation range in the hydrogenation benzene market in Shandong Province is between 7450 to 7500 yuan/ton. Recently, the overall trend of n-butane has been upward, with prices in Shandong ranging from 5300 to 5400 yuan/ton as of November 14th.

Unsaturated resin market remains stable, with high inventory levels

Downstream: Recently, the downstream unsaturated resin market has remained stable, with high spot inventory of resin and limited downstream demand, resulting in overall poor trading performance.

Business Society’s maleic anhydride product analysts believe that the main maleic anhydride factories are currently mainly executing preliminary orders, with tight spot shipments from factories. Factory prices continue to rise, and distributors are following suit. It is expected that the maleic anhydride market will continue to rise in the short term.