According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market continued to decline in December. As of December 24th, the average market price of n-butane oxidation maleic anhydride remained at 5112.50 yuan/ton, a decrease of 2.85% from 5262.50 yuan/ton on December 1st.
In terms of supply, the maleic anhydride market continued to decline in December: The Wanhua auction price market continued to fall in December, with poor transaction conditions and limited support for the maleic anhydride market. The prices of the main maleic anhydride factories continued to fall, and coupled with downstream digestion of early raw material orders, new order signing was limited. As of December 24th, the factory price of solid anhydride in the maleic anhydride market in Shandong is around 4850 yuan/ton, while the factory price of liquid anhydride is around 4500 yuan/ton.
Upstream: In December, the n-butane market fluctuated and rose, mainly affected by the increase in CP prices in Saudi Arabia. As of December 24th, the price in Shandong was around 4670 yuan/ton.
Downstream: Currently, the unsaturated resin market is mainly consolidating weakly, with prices of styrene and maleic anhydride on the raw material side falling, and limited support on the cost side; Downstream procurement maintains essential demand and has limited support for unsaturated resin.
The analyst of Shengyi Society’s maleic anhydride products believes that currently, the main downstream unsaturated resin for maleic anhydride is in urgent need of procurement; At present, the price of liquid anhydride has fallen to the lowest point of the year, and some manufacturers have limited shipments. In addition, the current supply has decreased, and it is expected that the maleic anhydride market may have an upward trend in the near future.
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