1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride rose this week. As of September 5, the average price of maleic anhydride by benzene hydrogenation remained at 12000.00 yuan / ton, an increase of 1.98% over the average price of 11766.67 yuan / ton on August 30, and an increase of 6.19% over the same period last month.

On September 5, the maleic anhydride commodity index was 113.04, unchanged from yesterday, down 8.60% from the highest point of 123.67 in the cycle (December 26, 2017), and up 120.87% 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

The domestic benzene maleic anhydride market started upward this week, and concentrated construction was started in Shanxi in early September. International crude oil rose and domestic chemical prices rose; The operating rate of unsaturated resin in the downstream is basically stable. The resin market is dominated by weak consolidation and just need procurement. As of the 5th, the solid anhydride in Shandong was about 11800 yuan / ton, the liquid anhydride in Jiangsu was about 12000 yuan / ton, the solid anhydride in Shanxi was about 12000 yuan / ton, the solid anhydride in Hebei was about 12000 yuan / ton, and the solid anhydride in South China was about 12300 yuan / ton.

Upstream, the price of pure benzene rose this week, with an average price of 7700 yuan / ton on September 5 and 7580 yuan / ton on August 30, up 120 yuan / ton, or 1.58%. This week, the market price of hydrogenated benzene in Shandong rose, with an average price of 7660 yuan / ton on September 5 and 7540 yuan / ton on August 30, up 120 yuan / ton, or 1.59%. At present, the fundamentals are well supported by pure benzene, and the downstream demand has picked up to a certain extent. However, at present, the cost pressure of hydrogenated benzene is large, and the start-up of enterprises is reduced. The price of n-butane fell, and the price in Shandong was 5200 yuan / ton.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 35th week of 2021 (8.30-9.3), there are 42 kinds of commodities rising month on month in the chemical sector, including 10 kinds of commodities rising by more than 5%, accounting for 10.2% of the monitored commodities in the sector; The top three commodities were lithium hydroxide (11.39%), phosphate rock (11.24%) and polymerized MDI (8.23%). A total of 26 commodities decreased month on month, and 4 commodities decreased by more than 5%, accounting for 4.1% of the monitored commodities in this sector; The products with the top three declines were butanone (- 10.47%), butadiene (- 7.10%) and ammonium chloride (- 6.48%). The average rise and fall this week was 0.72%.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the supply of domestic maleic anhydride market is limited, some factories are pre sold to late September, the supply of upstream hydrogenated benzene is reduced, and the downstream resin market just needs to be purchased. It is expected that the maleic anhydride market may fluctuate at a high level in the near future