1、 Price trend
As of June 12th, the average price of maleic anhydride in China was 6466 yuan / ton (including tax), and it operated steadily in the week, a decrease of 0.51% compared with the average price of 6500 yuan / ton in the same period of last month, according to the data of business society.
| Polyglutamic acid |
On June 12, the maleic anhydride commodity index was 60.92, which was the same as yesterday, down 50.74% from 123.67 (December 26, 2017), the highest point in the cycle, and up 19.03% from 51.18, the lowest point on April 12, 2020. (Note: cycle refers to 2011-09-01 to now)
2、 Analysis of influencing factors
Product: this week, the domestic market price of maleic anhydride is in a wait-and-see situation after falling. The downstream market just needs to be soft. The long-term low price of maleic anhydride has not stimulated the market demand. The raw materials of benzene process are strong, the cost surface is acceptable, and the supply of solid anhydride has declined, which has certain support for the price of maleic anhydride.
| Gamma Polyglutamic Acid |
Industry chain: the raw material hydrobenzene market is high and strong, the product price continues to rise, and the downstream market demand is stable, but the oil price will fall or cause certain fluctuations in the market; the downstream unsaturated resin will be shaken and sorted out, and the demand end may weaken with the arrival of the rainy season.
3、 Future forecast
According to the maleic anhydride product analyst of the business association, the downstream demand of maleic anhydride market is not good at present, and there is no sign of improvement. The supply of liquid anhydrides is acceptable, and the industry is still short-sighted. However, the cost performance of benzene process is relatively strong, and the position of solid anhydrides has declined to a certain extent, and it is expected to be weak in the short term.
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