Business associations: Maleic anhydride market continued downward trend in June
According to data from business associations, the average price of maleic anhydride offered at the end of the month was 6 600.00 yuan/ton (including taxes), with a monthly increase or decrease of -5.04%.
II. Market Analysis
Product: Maleic anhydride market continued to decline in June. Crude oil rebounded in June, downstream resin factories due to environmental and economic factors, low start-up rate, market continued to weaken, the demand for maleic anhydride is general. In June, the domestic maleic anhydride start-up rate increased, the main factories were operating normally, and the domestic supply of maleic anhydride was sufficient. Downstream enterprises and traders have low inquiry intentions, mainly to maintain on-demand procurement, and market transactions are general.
Industry chain: The rebound of crude oil bottoming in June supports the prices of n-butane and pure benzene. Downstream resins factories started because of environmental factors, market sentiment is weak. Benzene loss situation is aggravated, and the rise in oil prices has led to the rise in the price of pure benzene upstream raw materials. The price of n-butane is still hovering at a low price, the market is well supplied, and the downstream is still in the off-season. In July, maleic anhydride is expected to maintain the finishing trend.
|PVA 0588 ( PVA BP05)|
3. Future Market Forecast
Analysts of maleic anhydride products from Business Society Chemical Branch believe that at present, the domestic maleic anhydride market is expected to continue to consolidate in July.