This week, the domestic maleic anhydride market continued to decline, with an average market price of 7600 yuan/ton as of June 26, a decrease of 1.3% from 7700 yuan/ton on June 22.
Supply side: Recently, the concentrated resumption of production of maleic anhydride units has increased market supply, coupled with insufficient downstream orders and hindered shipments, resulting in a continuous decline in prices for the main maleic anhydride factories. As of June 26th, the solid anhydride market in Shandong Province operates around a factory price of 6300-6600 yuan/ton, while the liquid anhydride market operates around a factory price of 6100-6300 yuan/ton.
Upstream: The n-butane market fell sharply in mid June, and the domestic n-butane price rose slightly to 5450 yuan/ton this week. The CP price in Saudi Arabia in June was 820 US dollars per ton, an increase of 20 US dollars per ton compared to the previous month.
Downstream: This week, the domestic unsaturated resin market saw weak consolidation, while upstream styrene and maleic anhydride continued to decline, dragging down costs. The downstream fiberglass and building materials industries entered the traditional off-season of high temperatures, with insufficient terminal production. The short-term market still maintains a weak and narrow range of fluctuations.
The analyst of Shengyi Society’s maleic anhydride products believes that the operating rate of the downstream unsaturated resin industry on the demand side is difficult to significantly increase in the short term, and the raw material prices on the cost side are weak. The production cost support for maleic anhydride is weak, and coupled with the recent concentrated resumption of maleic anhydride production, the market supply has increased. In the short term, the domestic maleic anhydride market will still remain weak.
| http://www.polyvinylalcohols.com |