According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market was weakly consolidated on March 31. As of March 31, the average market price of n-butane oxidation maleic anhydride remained at 6790 yuan/ton, which was stable compared to the previous trading day.
Supply side: Currently, the increase in spot supply in the maleic anhydride market is limited, and downstream unsaturated resin manufacturers of maleic anhydride are mainly operating steadily. The unsaturated resin market is mainly stable, and the procurement of maleic anhydride is limited. On the 31st, the auction price fell, and the price of maleic anhydride factory also fell. As of March 31st, the factory price of solid anhydride in Shandong region is around 6700 yuan/ton, and the factory price of liquid anhydride is around 6400 yuan/ton.
Upstream: On the 31st, the n-butane market remained stable, and as of March 27th, the price in Shandong was around 5300-5350 yuan/ton.
Downstream: Currently, unsaturated resin companies are mainly operating steadily, but due to the impact of rising raw material prices and subsequent declines, the unsaturated resin market remains stable, and there is a strong wait-and-see sentiment in the market.
The analyst of Shengyi Society’s maleic anhydride products believes that the recent replenishment of downstream resin demand for maleic anhydride has ended, and new order signings are limited; At present, the prices of the main factories producing maleic anhydride have fallen, and it is expected that the maleic anhydride market will mainly consolidate weakly in the near future.
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