1、 Price trend

According to the data of business agency, the domestic maleic anhydride market price rose first and then declined this week. As of December 19, the average price of benzene hydrogenation maleic anhydride remained at 17100.00 yuan / ton, an increase of 1.58% over the average price of 16833.33 yuan / ton on December 13, and an increase of 23.32% over the same period last month.

On December 19, the maleic anhydride industrial chain index was 137.36, down 0.12 points from yesterday, down 4.46% from the highest point 143.77 in the cycle (2021-10-26), and up 192.38% from the lowest point 46.98 on April 4, 2020. (Note: the period refers to the period from December 1, 2011 to now)

2、 Analysis of influencing factors

The domestic benzene maleic anhydride market started to decline this week. The international crude oil fluctuates, and the direction to the domestic chemical price is unclear; Recently, the downstream unsaturated resin market has started relatively stably, finishing is transitional, and just needs to be purchased. As of the 19th, 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 16000 yuan / ton, and that in South China was about 15000 yuan / ton. Affected by the epidemic situation in the early stage of 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; In the later stage, the high price of domestic maleic anhydride market fell, the tight supply situation in the early stage was relieved, the maleic anhydride shipment in South China was normal, and the new production capacity began to be sold abroad. At present, there is no pressure on domestic maleic anhydride shipment.

Upstream, pure benzene fell after rising this week. The average price of pure benzene was 6450 yuan / ton on December 12 and 6620 yuan / ton on December 19, an increase of 170 yuan / ton or 2.64% over last week. The market price of hydrogenated benzene in Shandong rose this week, at 6325 yuan / ton last weekend and 6650 yuan / ton this weekend, up 325 yuan / ton. In terms of n-butane, as of December 19, the price in Shandong was 5330.00 yuan / ton.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 50th week of 2021 (12.13-12.17), there are 35 kinds of commodities rising month on month in the chemical sector, including 10 kinds of commodities rising by more than 5%, accounting for 9.5% of the monitored commodities in the sector; The top three commodities were lithium hydroxide (12.95%), isobutyraldehyde (12.50%) and dichloromethane (10.07%). A total of 41 commodities decreased month on month, and 10 commodities decreased by more than 5%, accounting for 9.5% of the monitored commodities in this sector; The products with the top three declines were melamine (- 13.71%), chlorinated paraffin (- 9.93%) and potassium chloride (- 9.40%). The average rise and fall this week was – 0.08%.

3、 Future forecast

According to the maleic anhydride product analysts of business society, at present, the high price of domestic maleic anhydride market has fallen, the early supply tension has eased, the maleic anhydride shipment in South China is normal, and the new production capacity has begun to be sold abroad. At present, there is no pressure on domestic Maleic anhydride shipment, the downstream wait-and-see situation is dominant, the bearish mood is strong, and the just need to purchase is dominant. It is expected that the maleic anhydride market may continue to decline in the near future.