Price trend
According to data from SunSirs, the domestic maleic anhydride market price rose slightly on September 16. As of September 16, the average price of maleic anhydride remained at 13,400.00 RMB/ton, an increase of 0.50% from the average price of 13,333.33 RMB/ton on September 15 and an increase of 16.86% from the same period last month.
Analysis review
On September 16, the maleic anhydride commodity index was 126.23, an increase of 0.63 points from previous day, a record high in the cycle, and an increase of 146.64% from the lowest point of 51.18 on April 14, 2020. (Note: Period refers to 2011-09-01 to present)
Recently, international crude oil has risen and domestic chemical product prices have risen; the downstream unsaturated resin resin market has been consolidated weakly mainly, and purchased based on just-needed mainly.
In the upstream, supported by the sharp rise in crude oil and styrene, pure benzene has risen sharply, the market price of hydrogenated benzene has risen sharply, and the price of n-butane has risen.
Market outlook
At present, the domestic maleic anhydride market supply is limited, some factories are pre-sold, the factories have no inventory pressure, the supply and demand are good, the price of raw materials is rising, and the market of maleic anhydride is supported by cost side. It is expected that the maleic anhydride market may fluctuate at a high level in the near future.
