1、 Price trend

According to the data of business agency, the market price of maleic anhydride in China fell slightly this week. As of January 23, the average price of maleic anhydride by benzene hydrogenation remained at 12333.33 yuan / ton, down 0.88% from the average price of 11333.33 yuan / ton on January 17 and 29.79% from the same period last month.

On January 23, the maleic anhydride commodity index was 105.82, unchanged from yesterday, down 36.42% from the highest point of 166.43 in the cycle (2021-12-15), and up 106.76% 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. Recently, the downstream unsaturated resin market has successively entered the shutdown period, and the purchasing sentiment is general. As of the 23rd, the solid anhydride in Shandong was about 11500 yuan / ton, that in Jiangsu was about 11000 yuan / ton, that in Shanxi was about 11500 yuan / ton, that in Hebei was about 11500 yuan / ton, and that in South China was about 11000 yuan / ton. Domestic maleic anhydride market price callback, spot tension.

Upstream, the price of pure benzene fell after rising this week. The average price of pure benzene was 7530 yuan / ton on January 14 and 7680 yuan / ton on January 21, up 150 yuan / ton or 1.99% from last week. This week, the market price of hydrogenated benzene in Shandong increased, from 7400 yuan / ton last weekend to 7600 yuan / ton this weekend, up 200 yuan / ton. In terms of n-butane, the price in Shandong was 6160.00 yuan / ton as of January 23.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the domestic maleic anhydride market is at a high level, and the current spot is limited. However, with the approaching of the Spring Festival, downstream resin manufacturers have entered the shutdown period one after another, and the just needed procurement has been reduced one after another. It is expected that the short-term maleic anhydride market will be dominated by high-level consolidation.