1、 Price trend

According to the data of business agency, the domestic maleic anhydride market continued to decline this week. As of November 14, the average price of benzene hydrogenation maleic anhydride remained at 15266.67 yuan / ton, down 5.57% from 16166.67 yuan / ton on November 8 and up 7.26% from the same period last month.

2、 Analysis of influencing factors

The domestic benzene maleic anhydride market started upward this week. International crude oil fell after rising, and domestic chemical industry was mainly weak; The market price of unsaturated resin in the downstream fell, mainly in need of purchase. As of the 14th, the solid anhydride in Shandong was about 13500 yuan / ton, that in Jiangsu was about 13500 yuan / ton, that in Shanxi was about 13500 yuan / ton, that in Hebei was about 13500 yuan / ton, and that in South China was about 14000 yuan / ton.

Upstream, the price of pure benzene first rose slightly and then fell this week. On November 7, the average price of pure benzene was 7590 yuan / ton, and on November 14, the average price was 7560 yuan / ton, down 30 yuan / ton, or 0.4%. This week, the market price of hydrogenated benzene in Shandong decreased, from 7650 yuan / ton last weekend to 7600 yuan / ton this weekend, down 50 yuan / ton. In terms of n-butane, the price in Shandong was 5920 yuan / ton as of November 14.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 45th week of 2021 (11.8-11.12), there are 21 kinds of commodities rising month on month in the chemical sector, including 2 kinds of commodities rising by more than 5%, accounting for 1.9% of the monitored commodities in the sector; The top three commodities were ammonium sulfate (8.05%), glycine (6.18%) and coal tar (high temperature) (3.90%). A total of 55 commodities decreased month on month, and 14 commodities decreased by more than 5%, accounting for 13.3% of the monitored commodities in this sector; The products with the top three declines were flake alkali (- 21.77%), organosilicon DMC (- 19.63%) and chloroform (- 15.16%). The average rise and fall this week was – 1.81%.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, there is a strong bearish sentiment in the domestic maleic anhydride market, the price of downstream resin raw materials falls, the hydrobenzene market is weak, the market operation is cautious and the wait-and-see sentiment is strong. It is expected that the maleic anhydride market may have a downward trend in the near future.