Maleic anhydride market prices loose this week (7.10-7.14)

First, the price trend

The average price of maleic anhydride as of the end of this week was 9285 yuan / ton (both tax), down -0.11%.

Second, the market analysis

Products: into July, maleic anhydride factory new single cargo is poor, turnover has slowed down, local high prices have loosened, but the cash flow less restrictive decline is not obvious, but the July is still lack of maleic anhydride market downturn risk.

Industrial chain: demand point of view, although in June and July, maleic anhydride market downturn is not light situation, but the resin factory operating rate remained at 40% near the operation, with the resin raw materials, maleic anhydride, styrene successive , So that the downstream production costs of the resin plant highlights the pressure, lower profit margins, but also suppress the current downstream of the new single market will, high turnover continue to pressure. Supply point of view, at present, benzene supply point of view short-term incremental slow, but the butane method point of view, with the east side of the supply side of the supplement, the market supply pressure will continue to ease, or give the price certain operational resistance.

Third, the market outlook forecast

Chen Lin said: At present, the lack of domestic maleic anhydride market just need to stimulate the next, the sale of fear to continue to stalemate, because the downstream price floating limited, terminal environmental protection and other factors constraining the downstream high-priced resin procurement capacity, so in July Point of view, maleic anhydride downstream pressure will gradually warming, the market deposit line space.