Price Trend
Business associations: This week, the maleic anhydride market maintained a steady consolidation trend (1.14-1.18)
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According to data from business associations, the average price of maleic anhydride offer by the end of the weekend was 7,100.00 yuan/ton (including tax), and the offer was steadily rising.
II. Market Analysis
Product: This week, the domestic maleic anhydride market as a whole showed a steady trend of rising.
Industry chain: First of all, the domestic unsaturated resin start-up rate has decreased this week, the main intention of replenishment before the Spring Festival is cautious, but the short-term periphery is good, the domestic maleic anhydride market maintains high and strong; secondly, the focus of maleic anhydride factory quotation in mainstream areas is explored. Due to the support of crude oil production reduction, the performance of peripheral news is still acceptable, the price of raw material n-butane is stable, the cost pressure of the plant is supported, and the selling quotation is slightly increased. The price of maleic anhydride has been loosened due to the rise of pure benzene. However, in the short term, the profit margins of maleic anhydride from benzene and butane processes are difficult to improve; finally, the demand of downstream terminals is not good, and the factories are mainly on the lookout.
3. Future Market Forecast
At present, domestic maleic anhydride market profit has not changed much. It is expected that the overall market will continue to consolidate next week. Individual small rises, or the overall price will be the same as this week, according to the analyst of maleic anhydride products of Business Society Chemical Branch.
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