1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride soared this week. As of December 12, the average price of benzene hydrogenation maleic anhydride remained at 16833.33 yuan / ton, an increase of 31.17% over the average price of 12833.33 yuan / ton on December 6, and an increase of 10.26% over the same period last month.

On December 12, the maleic anhydride commodity index was 158.57, unchanged from yesterday, hitting a record high in the cycle, up 209.83% from the lowest point of 51.18 on April 14, 2020. (Note: the period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

The domestic benzene maleic anhydride market started steadily this week. International crude oil rebounded and domestic chemical prices rose; The operating rate of the downstream unsaturated resin market is basically stable, the price rises, and the just need to purchase is the main. As of December 12, the solid anhydride in Shandong was about 16000 yuan / ton, that in Jiangsu was about 16000 yuan / ton, that in Shanxi was about 16000 yuan / ton, that in Hebei was about 18000 yuan / ton, and that in South China was about 16500 yuan / ton. Affected by the epidemic this week, shipments in Zhejiang were blocked, factories in other regions limited shipments, on-site supply was tight, and maleic anhydride prices continued to rise.

Upstream, the price of pure benzene rose this week. On December 5, the average price of pure benzene was 6310 yuan / ton, and on December 12, the average price was 6450 yuan / ton, an increase of 140 yuan / ton or 2.22% over last week. This week, the market price of hydrogenated benzene in Shandong increased, from 6050 yuan / ton last weekend to 6325 yuan / ton this weekend, up 275 yuan / ton. In terms of n-butane, the price in Shandong was 5350.00 yuan / ton as of December 12.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 49th week of 2021 (12.6-12.10), there are 28 kinds of commodities rising month on month in the chemical sector, including 3 kinds of commodities rising by more than 5%, accounting for 2.9% of the monitored commodities in the sector; The top three commodities were maleic anhydride (31.17%), yellow phosphorus (12.66%) and crude benzene (6.15%). A total of 52 commodities decreased month on month, and 12 commodities decreased by more than 5%, accounting for 11.4% of the monitored commodities in this sector; The products with the top three declines were melamine (- 21.08%), R134a (- 16.60%) and silicone DMC (- 14.90%). The average rise and fall this week was – 1.12%.

3、 Future forecast

According to the maleic anhydride product analysts of business society, affected by the epidemic this week, shipments in Zhejiang were blocked, factories in other regions limited shipments, on-site supply was tight, maleic anhydride prices continued to rise, the downstream continued to rise, the downstream was cautious in catching up, and there was a strong wait-and-see mood. It is expected that the maleic anhydride market may fluctuate at a high level in the near future.