According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market first rose and then fell this week. As of December 22, the average market price of n-butane oxidation maleic anhydride remained at 6560 yuan/ton, an increase of 2.82% from 6380 yuan/ton on December 16.

On the supply side: Last weekend, the production unit of maleic anhydride unexpectedly shut down, causing a significant decline in the supply of liquid anhydride in the market. At the beginning of the week, the main factory price of maleic anhydride increased by 1000 yuan/ton, and dealer quotations followed suit. On weekends, factories tend to execute early week orders, while downstream customers maintain a wait-and-see attitude. New orders are limited, and the market price of maleic anhydride has fallen slightly. As of December 22nd, the ex factory price of solid anhydride in Shandong region is around 6900 yuan/ton, and the ex factory price of liquid anhydride is around 6700 yuan/ton.

Upstream: This week, the international crude oil market fluctuated downward, and the overall n-butane market slightly declined. As of December 22, the price in Shandong was around 5200 yuan/ton.

Downstream: The unsaturated resin market has been steadily rising this week, mainly due to the rise in the market for unsaturated resin raw material maleic anhydride, which has put pressure on the cost of unsaturated resin. However, currently, the downstream demand for unsaturated resin is mainly for procurement, and the support for unsaturated resin is limited. Currently, unsaturated resin mainly relies on demand for maleic anhydride.

The analyst of Shengyi Society’s maleic anhydride products believes that downstream unsaturated resins maintain a strong demand and provide limited support for the maleic anhydride market; At present, the high level of maleic anhydride is under pressure, and downstream companies are cautious about chasing higher prices. The market is currently paying attention to the resumption of work in maleic anhydride factories, and it is expected that the recent narrow consolidation of the maleic anhydride market will be the main focus.