According to the Commodity Analysis System of Business Society, the domestic market for maleic anhydride continued to rise in late December. As of December 31, the average market price of n-butane oxidation maleic anhydride remained at 7860.00 yuan/ton, an increase of 5.08% from the price of 7480.00 yuan/ton on December 21.

In terms of supply: In late December, the factory mainly executed preliminary orders, and the stock was tight. However, at the end of the month, downstream wait-and-see sentiment was strong, and chasing higher prices was cautious. As of December 31st, the factory price of solid anhydride in Shandong region is around 7700-7800 yuan/ton, and the factory price of liquid anhydride is around 7600-7700 yuan/ton.

Upstream aspect: In late December, the market for hydrogenated benzene rose, while the overall styrene market rose. The pure benzene hydrogenated benzene market followed suit, with most crude benzene auction prices slightly rising, and the overall industry chain rising.

In late December, the international crude oil market fluctuated, the naphtha market fluctuated and declined, and the recent market for n-butane fluctuated and declined. As of December 31, the price in Shandong was around 5100-5200 yuan/ton.

Downstream: In late December, the unsaturated resin market continued to rise due to the continuous rise in raw materials. However, towards the end of the year, downstream demand for resin was weak, and overall market trading was average, with cautious operations.

Business Society’s maleic anhydride product analyst believes that currently, the upstream hydrogenation benzene market of maleic anhydride is rising, and the cost of maleic anhydride is supported; Downstream unsaturated resin transactions are limited, and the market often follows the trend of entering the market; At present, the prices of the main factories of maleic anhydride remain stable, with the execution of preliminary orders being the main focus. The price of maleic anhydride is high, and downstream purchasing sentiment is average. It is expected that the maleic anhydride market will mainly consolidate at high levels after the holiday.