The domestic maleic anhydride market continued to decline in July

According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market continued to decline in July. As of July 31st, the average quoted price of maleic anhydride was 5862.50 yuan/ton (including tax), a decrease of 6.01% from 6237.50 yuan/ton on July 1st.
On the supply side: In July, the supply of maleic anhydride in the market was relatively sufficient, and the market price of maleic anhydride fell from a low level. Factories implemented a downward trend in prices, and distributors followed suit. Downstream unsaturated resins maintained a strong demand for maleic anhydride, and operations were cautious. The shipment of maleic anhydride in the market was average, and the market situation fluctuated downward. As of August 5th, the factory price of solid anhydride is around 5400 yuan/ton, and the factory price of liquid anhydride is around 4950 yuan/ton.
Upstream: In July, the price of pure benzene in the Shandong region fluctuated and rose. The market price fluctuated and fell in the first half of the year, then rose and fell in the middle, and rose sharply in the second half. On July 1st, the price was 5942 yuan/ton; On July 30th, the price was 6078.67 yuan/ton, an increase of 2.3% from the beginning of the month.
In July, the domestic n-butane market prices fluctuated and rose, with prices in Shandong at around 4830 yuan/ton as of July 31.
Downstream: The weak consolidation of unsaturated resin market in July is the main focus, while the downward trend of upstream styrene and maleic anhydride market has limited cost support for unsaturated resin. Currently, unsaturated resin is in the off-season of consumption, and downstream transactions are average, which has limited support for unsaturated resin and weak market conditions.
Business Society’s maleic anhydride product analyst believes that in August, the main downstream unsaturated resin of maleic anhydride will continue to maintain a strong demand for maleic anhydride procurement; The supply of maleic anhydride market is sufficient, and there is no obvious positive news in the market. It is expected that the maleic anhydride market will continue to maintain a low consolidation in August.