1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride fell slightly this week. As of January 16, the average price of benzene hydrogenation maleic anhydride remained at 11166.67 yuan / ton, down 4.56% from the average price of 11700.00 yuan / ton on January 10, down 36.43% from the same period last month, and there was a rebound trend in the second half of the week.

On January 16, the maleic anhydride commodity index was 105.19, the same as yesterday, down 36.80% from the highest point of 166.43 in the cycle (2021-12-15), and up 105.53% 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 steadily this week. Recently, the operating rate of the downstream unsaturated resin market has declined, successively entering the shutdown period, and the purchasing sentiment is general. As of the 16th, the solid anhydride in Shandong was about 10700 yuan / ton, that in Jiangsu was about 10700 yuan / ton, that in Shanxi was about 11000 yuan / ton, that in Hebei was about 11000 yuan / ton, and that in South China was about 10700 yuan / ton. In the second half of the week, the domestic maleic anhydride market price callback, the factory has the intention to support the price, the spot is tight, and the transaction is positive.

Upstream, the price of pure benzene rose continuously this week. The average price of pure benzene was 7280 yuan / ton on January 7 and 7530 yuan / ton on January 14, an increase of 250 yuan / ton or 3.43% over last week. The market price of hydrogenated benzene in Shandong rose this week, at 7100 yuan / ton last weekend and 7400 yuan / ton this weekend, up 300 yuan / ton. In terms of n-butane, the price in Shandong was 5610.00 yuan / ton as of January 16.

3、 Future forecast

According to the maleic anhydride product analysts of business society, the domestic maleic anhydride market price has been corrected in the second half of this week. The factory has the intention to support the price, the spot is tight, and the transaction is positive. However, the downstream resin is close to the shutdown cycle, the operating rate is down, and it just needs to slow down. It is expected that the maleic anhydride market may be sorted out in the near future.