1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride fell this week. As of July 25, the average price of benzene hydrogenation maleic anhydride remained at 11250 yuan / ton, down 2.17% from the average price of 11500 yuan / ton on July 12 and up 17.80% from the same period last month.

On July 25, the maleic anhydride commodity index was 105.98, the same as yesterday, down 14.30% from the highest point of 123.67 in the cycle (December 26, 2017), and up 107.07% from the lowest point of 51.18 on April 14, 2020（ Note: period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

The start-up of domestic benzene maleic anhydride market decreased this week. International crude oil rebounded after falling, resulting in a decrease in domestic chemical prices; The operating rate of unsaturated resin in the downstream is basically stable, and the wait-and-see mood in the resin market is strong, mainly in the need of procurement. As of the 25th, the solid anhydride in Shandong was about 11300 yuan / ton, the liquid anhydride in Jiangsu was about 11300 yuan / ton, the solid anhydride in Shanxi was about 11300 yuan / ton, the solid anhydride in Hebei was about 11300 yuan / ton, and the solid anhydride in South China was about 11600 yuan / ton.

Upstream, the price of pure benzene fluctuated downward this week. On July 19, the average price of pure benzene was 8440.00 yuan / ton, and on July 25, the average price of pure benzene was 8210.00 yuan / ton, down 230 yuan / ton, down 2.73%. The market price of hydrogenated benzene in North China fell this week. On July 19, the price of hydrogenated benzene was 8475.00 yuan / ton, and on July 25, the price of hydrogenated benzene was 8300.00 yuan / ton, down 2.06%. The price of n-butane rose, and the price in Shandong was 4660 yuan / ton.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 29th week of 2021 (7.19-7.23), there are 44 kinds of commodities rising month on month in the chemical sector, including 10 kinds of commodities rising by more than 5%, accounting for 10.3% of the monitored commodities in the sector; The top three commodities were 1,4-butanediol (15.08%), baking soda (9.71%) and melamine (8.47%). A total of 23 commodities decreased month on month, and the top three products were crude benzene (- 4.89%), chloroform (- 4.15%) and phenol (- 2.89%). The average rise and fall this week was 0.95%.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that the international crude oil rebounded after the decline, the domestic maleic anhydride market price is high, the spot is limited, the amount that can be released is less, and the demand for downstream resin is just in demand. It is expected that the maleic anhydride market price will be high in the near future.