1、 Price trend
According to the data of business agency, the domestic market price of maleic anhydride rose this week. As of October 17, the average price of benzene hydrogenation maleic anhydride remained at 14366.67 yuan / ton, an increase of 5.12% over the average price of 13666.67 yuan / ton on October 11, and an increase of 7.21% over the same period last month.
On October 17, the maleic anhydride commodity index was 135.34, unchanged from yesterday, hitting a record high in the cycle, up 164.44% 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
This week, the start of domestic benzene maleic anhydride market was basically stable. International crude oil rose and domestic chemical prices rose; The operating rate of the downstream unsaturated resin decreased slightly, and the rise of the downstream unsaturated resin Market slowed down, focusing on just needed procurement. As of the 17th, the solid anhydride in Shandong was about 14500 yuan / ton, the liquid anhydride in Jiangsu was about 14500 yuan / ton, the solid anhydride in Shanxi was about 14500 yuan / ton, the solid anhydride in Hebei was about 14500 yuan / ton, and the solid anhydride in South China was about 15000 yuan / ton.
Upstream, the price of pure benzene fell after a wide upward trend this week. On October 10, the average price of pure benzene was 8170 yuan / ton, and on October 17, the average price of pure benzene was 8440 yuan / ton, up 270 yuan / ton, or 3.30%. This week, the market price of hydrogenated benzene in Shandong rose, at 8220 yuan / ton on the 11th and 8740 yuan / ton on the 26th, up 520 yuan / ton, or 6.33%. In terms of n-butane, the price in Shandong was 6360 yuan / ton as of October 17.
According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 41st week of 2021 (10.11-10.15), there are 72 kinds of commodities rising month on month in the chemical sector, including 26 kinds of commodities rising by more than 5%, accounting for 26% of the monitored commodities in the sector; The top three commodities were dichloromethane (44.24%), DMF (30.80%) and hydrogen peroxide (29.57%). A total of 13 commodities decreased month on month, and 2 commodities decreased by more than 5%, accounting for 2% of the monitored commodities in this sector; The products with the first three declines were potassium chloride (- 11.62%), acetic acid (- 5.26%) and potassium sulfate (- 2.44%). The average rise and fall this week was 3.69%.
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 execute early orders, the factories have no inventory pressure, the price is high, and the market is mostly on the sidelines. It is expected that the maleic anhydride market may fluctuate at a high level in the near future.