According to the commodity analysis system of Shengyi Society, the overall domestic market for maleic anhydride has been declining recently. As of October 27th, the average market price of n-butane oxidation maleic anhydride remained at 6470 yuan/ton, a decrease of 1.52% from 6570 yuan/ton on October 21st.

Supply side: The operating rate of maleic anhydride has increased this week, and the supply has increased; This week, the prices of the main factories producing maleic anhydride have declined, and the quotes from distributors have also fallen. The signing of new orders by factories is limited, and there is a strong wait-and-see sentiment in the market. As of October 27th, the ex factory price of solid anhydride in Shandong region is around 6000 yuan/ton, and the ex factory price of liquid anhydride is around 5800 yuan/ton.

Upstream: The overall international crude oil market has risen this week, with n-butane falling first and then rising. As of October 27th, the price in Shandong is around 5150 yuan/ton.

Downstream: This week, the unsaturated resin market remained weak and stable, with insufficient follow-up on downstream demand for unsaturated resin, limited support for unsaturated resin, and strong market wait-and-see sentiment.

The analyst of Shengyi Society’s maleic anhydride products believes that downstream unsaturated resins maintain a strong demand and provide limited support for the maleic anhydride market; The supply of maleic anhydride has increased, and the recent signing of new orders by factories is limited. It is expected that the maleic anhydride market will be mainly weakly consolidated in the near future.