1、 Price trend
According to the data of the business agency, the domestic maleic anhydride market has been on a strong upward trend. As of September 24, the average price of maleic anhydride by benzene hydrogenation method remained at about 9333 yuan / ton, which was 34.62% higher than that at the beginning of the month, and 36.59% higher than the average price of 6833 yuan / ton in the same period of last month.
| PVA 2699 |
The commodity index of maleic anhydride on September 23 was 86.67, up 1.89 points compared with yesterday, 29.92% lower than 123.67 points (2017-12-26), and 69.34% higher than 51.18 points, the lowest point on April 14, 2020.
2、 Analysis of influencing factors
Products: at present, the domestic market of maleic anhydride is stabilizing, and the traders’ stock preparation is basically completed before the National Day holiday. The market trading atmosphere is slowing down and the market supply tension is alleviated. At present, there are about 9500 yuan / ton of solid anhydride in Shandong, 9800 yuan / ton in Jiangsu, 9400 yuan / ton in Shanxi, 9400 yuan / ton in Hebei and 9900 yuan / ton in South China.
Industrial chain: the pure benzene market is mainly volatile recently, and the crude oil price is mainly lower recently. Hydrogenated benzene enterprises have great cost pressure, and the operating rate has slightly decreased this week. The sentiment of market price depressing is strong. Most enterprises near the National Day holiday have a demand for goods preparation before the Festival, which is 3332 yuan / ton. The overall demand of downstream resin factories has increased, and the intention of preparing goods before the festival is good. At present, the industry is generally stable Wait and see.
3、 Future forecast
According to the maleic anhydride product analysts of the business agency, the current market growth of maleic anhydride is slowing down, and the price of maleic anhydride has been high and firm. With the completion of traders’ stock preparation, the market supply is gradually increasing, and the supply and demand sides are playing games. It is expected that the maleic anhydride market will be high and firm in the short term.
| POLYVINYL ALCOHOL |