According to data from the Business News Agency, the domestic maleic anhydride market rose slightly this week. As of March 19, the average market price of n-butane oxidation maleic anhydride remained at 7750.00 yuan/ton, up 1.04% from the price of 7670.00 yuan/ton on March 13, and up 0.65% from the same period last month.

On March 19, the maleic anhydride commodity index stood at 73.01, unchanged from yesterday, down 56.13% from the cycle’s highest point of 166.43 points (2021-12-15), and up 42.65% from the lowest point of 51.18 points on April 14, 2020. (Note: The cycle refers to 2011-09-01 to now)

Most of the domestic phenylmaleic anhydride market was shut down this week. Downstream resin costs and terminal performance are under pressure, and maleic anhydride operations are cautious. As of the 19th, solid anhydride in Shandong was around 7800 yuan/ton, while solid anhydride in Jiangsu was around 7800 yuan/ton. There was no new price outflow from Shanxi and Hebei regions, while solid anhydride in South China was around 8000 yuan/ton.

On the upstream side, the price of pure benzene decreased slightly this week, with an average price of 7276 yuan/ton on March 13 and 7176 yuan/ton on March 16, down 1.69%. The ex-factory price of hydrogenated benzene in North China was lowered to 7283.33 yuan/ton at the end of last week and 7183.33 yuan/ton at the end of this week, down 1.37%. This week, the market for n-butane declined, and as of March 19, the price in Shandong was around 5750 yuan/ton.

According to analysts of maleic anhydride products from Business News, the price of n-butane in the upstream of maleic anhydride has declined this week, and under pressure from downstream resin costs and terminal demand, manufacturers are cautious in pursuing higher prices; The international crude oil slump is superimposed, and the buyer and seller operate cautiously; Recently, some maleic anhydride manufacturers have been shut down for maintenance, and there is currently no pressure on them to ship goods. Recently, there is strong wait-and-see sentiment in the market, and it is expected that the maleic anhydride market may be dominated by weak consolidation.