1、 Price trend
According to the data of the business agency, as of July 21, the average price of maleic anhydride in China was 6433 yuan / ton (including tax), and the overall market was stable, with a decrease of 0.52% compared with the average price of 6533 yuan / ton in the same period of last month.
| PVA 0599 (PVA BF05) |
On July 21, the commodity index of maleic anhydride was 60.60, which was the same as yesterday, decreased by 51.00% from the highest point of 123.67 (December 26, 2017), and increased by 18.41% from the lowest point of 51.18 on April 14, 2020. (Note: period refers to 2011-09-01 to now).
2、 Analysis of influencing factors
Products: at present, the domestic price of maleic anhydride continues to rise, the transaction center of various markets moves up, the spot supply in the industry is tight, some middlemen offer high prices, and the main production areas have the intention to continue to increase the price of new orders, driving the surrounding market up.
| PVA |
Industrial chain: affected by the decline of raw materials, the price of hydrobenzene market continued to decline, and the market was still reluctant to sell at low prices. In the short term, the domestic pure benzene market may remain stagnant, and the hydrobenzene market fundamentals are still under pressure; the downstream unsaturated resin market is in a horizontal direction, with strong market wait-and-see sentiment, and with maleic anhydride, the cost pressure is becoming increasingly obvious.
3、 Future forecast
According to the analysts of maleic anhydride products of the business agency, the current market of maleic anhydride is rising continuously, and Nanxun is the dominant source of goods in various regions. Enterprises are reluctant to sell more prices, and it is expected that the price of maleic anhydride will be firm in the short term.
| POLYVINYL ALCOHOL |