Price trend
According to the data of SunSirs, the domestic maleic anhydride market continued to decline this week. As of November 27, the average price of maleic anhydride by benzene hydrogenation method remained at around 8,700 RMB/ton, a decrease of 9.38% from the beginning of the week and an increase of 3.57% from the same period last month.
On November 27, the maleic anhydride commodity index was 81.96, a decrease of 0.94 points from previous day, a decrease of 33.73% from the highest point in the cycle of 123.67 points (2017-12-26), and an increase of 60.14% from the lowest point of 51.18 points on April 14, 2020. (Note: Period refers to 2011-09-01 to present)
Analysis review
The operating rate of the domestic maleic anhydride market increased this week, but the spot was limited, and some companies implemented pre-orders. Downstream unsaturated resin prices declined. As of the 27th, solid maleic anhydride in Shandong was about 8,000 RMB/ton, liquid maleic anhydride in Jiangsu was about 8,800 RMB/ton, solid maleic anhydride in Shanxi was about 8,500 RMB/ton, solid maleic anhydride in Hebei was about 8,600 RMB/ton, and solid in South China Maleic anhydride was about 8,600 RMB/ton.
On the upstream side, pure benzene first fell and then rose this week, with a "V"-shaped trend, and the overall price fell from last week. On November 22, the listed price of pure benzene was 4,150-4,550 RMB/ton (average price of 4,216 RMB/ton); the price of hydrogenated benzene followed the trend of pure benzene this week, and the overall decline in Shandong was the main trend. The weekend price was 3,800 RMB/ton; The price of alkanes remained in the mid-to-high range. .
Market outlook
The maleic anhydride product analyst of SunSirs believes that the current maleic anhydride market is trending downwards. The market has a strong wait-and-see sentiment. The downstream resin prices have loosened. The end demand performance is average. The wait-and-see sentiment is strong. It is expected that prices will continue to fall in a short time.
