According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market was mainly consolidated at the end of the month. As of November 28th, the average market price of n-butane oxidation maleic anhydride remained at 5262.50 yuan/ton, which was stable compared to November 27th.
On the supply side, the market for maleic anhydride remained stable on the 28th, with no transactions in the Wanhua auction and a slight drop in bidding prices in East China. The main factories for maleic anhydride maintained stable prices; The downstream unsaturated resin of maleic anhydride has limited procurement of maleic anhydride, and the stocking atmosphere is generally average. As of November 28th, the solid anhydride market in Shandong Province operates around a factory price of 5000 yuan/ton, while the liquid anhydride market operates around a factory price of 4850 yuan/ton.
Downstream: Currently, the unsaturated resin market remains stable, with prices of styrene and maleic anhydride on the raw material side rising. However, the remaining raw materials are operating weakly, and cost support is still acceptable; Downstream procurement maintains essential demand and has limited support for unsaturated resin.
The analyst of Shengyi Society’s maleic anhydride products believes that currently, the main downstream unsaturated resin for maleic anhydride is in urgent need of procurement; The sales volume of liquid anhydride products in central and southern China is gradually increasing, and the supply of maleic anhydride may increase. It is expected that the maleic anhydride market will mainly consolidate in the near future.