1、 Price trend
According to the data of business agency, the domestic market price of maleic anhydride rose slightly this week. As of June 12, the average price of benzene hydrogenation maleic anhydride remained at 10433.33 yuan / ton, down 0.63% from the average price of 10500.00 yuan / ton on June 6, up 1.62% from the same period last month.
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On June 12, the maleic anhydride commodity index was 98.29, unchanged from yesterday, down 40.94% from the highest point of 166.43 in the cycle (December 15, 2021), and up 92.05% from the lowest point of 51.18 on April 14, 2020. (Note: the period refers to the period from September 1, 2011 to now)
2、 Analysis of influencing factors
This week, the domestic benzene maleic anhydride market started to decline. In the near future, the downstream unsaturated resin market is generally started, and the rigid demand is the main factor. As of the 13th, the solid anhydride in Shandong was about 9550 yuan / ton, that in Jiangsu was about 9500 yuan / ton, that in Shanxi was about 9500 yuan / ton, that in Hebei was about 9500 yuan / ton, and that in South China was about 9500 yuan / ton.
On the upstream side, the price of pure benzene rose continuously this week, with the price exceeding 10000 yuan. On June 2, the average price of pure benzene was 9167 yuan / ton, and on June 10, the average price was 9984 yuan / ton, an increase of 8.91% over last week. This week, Sinopec continuously raised the production price of pure benzene, which once again boosted market confidence, and local refining enterprises followed suit. Over the weekend, it was reported that an accident occurred in a factory in South Korea, resulting in the shutdown of about 380000 tons of pure benzene production capacity, and the market speculation was positive. The ex factory price of hydrogenated benzene in North China rose as a whole this week, from 9000 yuan / ton at the end of last week to 9650 yuan / ton at the end of this week, a weekly increase of 7.22%. As for n-butane, the price in Shandong was 6300 yuan / ton as of June 12.
3、 Aftermarket forecast
According to the maleic anhydride product analysts of the business club, the benzene oxidation process in the domestic maleic anhydride market is suffering from serious losses, the factories are shut down for maintenance one after another, the market circulation source is small, and the n-butane oxidation process has risen, driving the maleic anhydride market. The market of downstream resin manufacturers is sorted out, and there is no obvious positive effect on the terminal. It is expected that the maleic anhydride market may rise slightly in the near future.
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