According to the Commodity Analysis System of Shengyishe, the overall domestic market for maleic anhydride in April was upward. As of April 30th, the average quoted price of maleic anhydride was 7190.00 yuan/ton (including tax), an increase of 2.71% from 7000.00 yuan/ton on April 1st.
In terms of supply: In April, the downstream unsaturated resin market fluctuated and rose. In addition, resin replenishment before the May Day holiday supported the maleic anhydride market. The prices of the main maleic anhydride factories continued to rise, and the market situation followed suit. The main factory of maleic anhydride mainly executes preliminary orders, and the factory has no pressure to sign orders; At the end of the month, with the basic completion of unsaturated resin stocking, the prices of the main factories of maleic anhydride have fallen slightly. At present, the supply of maleic anhydride has increased, and downstream enterprises are mostly adopting a wait-and-see attitude. As of April 30th, the factory price of solid anhydride in Shandong region is around 6800 yuan/ton, and the factory price of liquid anhydride is around 6300 yuan/ton.
Upstream: The hydrogenated benzene market rose in the first half of April and fluctuated in the second half of the month. In the first half of April, the production of hydrogenated benzene enterprises started relatively well, and the supply was relatively stable. In the second half of the month, raw material prices continued to rise, resulting in lower profits for enterprises. The production of hydrogenated benzene enterprises has significantly declined, and some enterprises have plans to repair and park in the future. The market expects a tightening of supply in the future. As demand approaches the end of the month, some downstream enterprises have reported parking plans, and the market expects a decline in future demand, which has a certain impact on the market atmosphere. At the end of the month, the hydrogenated benzene market followed a slight decline in pure benzene.
In April, the international crude oil market fluctuated, with the domestic naphtha market rising and then falling, and the market price of n-butane rising and then falling. As of April 30th, the price in Shandong was around 5200-5300 yuan/ton.
Downstream: In April, the raw material market for unsaturated resin rose, supporting the cost of unsaturated resin. The unsaturated resin market fluctuated and rose, but the circulation of unsaturated resin in the market was slow, with little change in supply and demand, and overall market trading was average; At the end of the month, the market for unsaturated resin raw materials has fallen, with limited support for the cost of unsaturated resin. The unsaturated resin market is mainly stable, and there is currently no obvious willingness to stock downstream, continuing to focus on essential procurement.
Business Society’s maleic anhydride product analyst believes that currently, downstream unsaturated resins have been completed before the holiday, which has limited support for the maleic anhydride market. The factory prices of major factories have declined, and there has been no significant improvement in the signing of orders; The new production capacity of maleic anhydride is put into operation, and the supply of maleic anhydride in the market may increase. It is expected that the maleic anhydride market will be dominated by weak consolidation after the holiday.
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