1、 Price trend
According to the data of business agency, the domestic market price of maleic anhydride rose this week. As of July 31, the average price of maleic anhydride by benzene hydrogenation remained at 11500 yuan / ton, an increase of 2.22% compared with the average price of 11250 yuan / ton on July 26, and an increase of 19.17% compared with the same period last month.
On July 31, the maleic anhydride commodity index was 108.33, unchanged from yesterday, down 12.40% from the highest point of 123.67 in the cycle (December 26, 2017), and up 111.66% from the lowest point of 51.18 on April 14, 2020（ Note: 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 slightly; The operating rate of unsaturated resin in the downstream decreased, and the resin market was dominated by weak consolidation and just needed procurement. As of the 30th, the solid anhydride in Shandong was about 10800 yuan / ton, the liquid anhydride in Jiangsu was about 11000 yuan / ton, the solid anhydride in Shanxi was about 11000 yuan / ton, the solid anhydride in Hebei was about 11000 yuan / ton, and the solid anhydride in South China was about 11400 yuan / ton.
Upstream, the price of pure benzene decreased slightly this week. On July 26, the average price of pure benzene was 8210.00 yuan / ton, and on July 31, the average price of pure benzene was 8190.00 yuan / ton, down 20 yuan / ton, down 0.24%. This week, the market price of hydrogenated benzene in Shandong was temporarily stable, at 7950 yuan / ton at the beginning of the week and 7925 yuan / ton at the weekend, with a decrease of 25 yuan / ton. The overall stable and weak operation is dominated. The price of n-butane decreased slightly, and the price in Shandong was 4650 yuan / ton.
According to the price monitoring of the trading society, in the list of commodity prices rising and falling in the 30th week of 2021 (7.26-7.30), there are 41 kinds of commodities rising month on month in the chemical sector, including 5 kinds of commodities rising by more than 5%, accounting for 5.1% of the monitored commodities in the sector; The top three commodities were boric acid (13.26%), acrylic acid (9.90%) and light soda ash (7.41%). A total of 21 kinds of commodities decreased month on month, and 3 kinds of commodities decreased by more than 5%, accounting for 3.1% of the monitored commodities in this sector; The products with the top three declines were epichlorohydrin (- 8.73%), propylene oxide (- 7.91%) and chloroform (- 5.78%). The average rise and fall this week was 0.46%.
3、 Future forecast
According to the maleic anhydride product analysts of business society, at present, the domestic maleic anhydride market mainly implements early orders, and the factory has no inventory pressure, but the downstream demand is limited, and the maleic anhydride price is under pressure. It is expected that the maleic anhydride market will be dominated by weak consolidation in the near future.
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