1、 Price trend

According to the data of business news agency, the domestic market price of maleic anhydride fell this week. As of May 30, the average price of maleic anhydride by hydrogenation of benzene remained at about 11000 yuan / ton, down 2.22% compared with 11250 yuan / ton on May 23 and 2.22% compared with the same period last month.

On May 30, the maleic anhydride commodity index was 103.62, unchanged from yesterday, down 16.21% from the highest point of 123.67 in the cycle (December 26, 2017), and up 102.46% from the lowest point of 51.18 on April 14, 2020（ Note: period refers to the period from September 1, 2011 to now

2、 Analysis of influencing factors

This week, the domestic market of phthalic maleic anhydride was basically stable. The state continues to supervise the price of raw materials and the game between supply and demand, which leads to the price of chemical products falling; Under the influence of environmental factors, the operation rate of unsaturated resin in the downstream is slowing down, the resin market is in a strong wait-and-see mood, and just need to purchase. As of the 30th, the amount of solid anhydride in Shandong is about 9700 yuan / ton, that in Jiangsu is about 10000 yuan / ton, that in Shanxi is about 9800 yuan / ton, that in Hebei is about 9800 yuan / ton, and that in South China is about 9800 yuan / ton.

On the upstream side, pure benzene continued to fall this week. On May 23, the average price of pure benzene was 8080 yuan / ton. On May 30, the average price of pure benzene was 7520 yuan / ton. Compared with last week, the average price of pure benzene fell 560 yuan / ton, or 6.47%. This week, the market price of hydrobenzene in Shandong Province was down, at 8075 yuan / ton on the 23rd and 7850 yuan / ton on the 30th, down 225 yuan / ton. The price of n-butane remained stable, with the price in Shandong being 4300 yuan / ton.

According to the price monitoring of the business community, in the list of commodity prices in the 21st week of 2021 (5.24-5.28), there are 26 kinds of commodities in the chemical industry sector, among which there are 4 kinds of commodities with an increase of more than 5%, accounting for 4.3% of the number of commodities monitored in the sector; The top three commodities were phosphoric acid (10.00%), yellow phosphorus (8.70%) and polysilicon (8.44%). There were 37 kinds of commodities that declined on a month on month basis, and 9 kinds of commodities with a decline of more than 5%, accounting for 9.8% of the monitored commodities in the sector; The top three products were melamine (- 31.41%), bisphenol A (- 17.81%) and acetone (- 11.45%). This week’s average rise or fall was – 1.09%.

3、 Future forecast

Business community maleic anhydride product analysts believe that the state continues to regulate the price of raw materials and the game of supply and demand differences, which leads to the decline of chemical products prices and the aggravation of supply and demand differences in maleic anhydride market. The downstream just needs to purchase, the maleic anhydride price is weak, and the downstream wait-and-see sentiment is strong. It is expected that the maleic anhydride price will mainly decline in the near future.