1、 Price trend

Business agency: the price of maleic anhydride fluctuated downward in April

According to the data of business agency, as of April 29, the average offer price of maleic anhydride was 11500.00 yuan / ton (including tax), down 7.51% from 12433.33 yuan / ton on April 1.

On April 29, the maleic anhydride commodity index was 108.33, the same as yesterday, 34.91% lower than the highest point of 166.43 in the cycle (2021-12-15), and 111.66% higher than 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

In April, the domestic benzene maleic anhydride market started to decline. Recently, the downstream unsaturated resin market is mainly consolidated, and the construction is slow. As of the 29th, the solid anhydride in Shandong was about 10500 yuan / ton, that in Jiangsu was about 10500 yuan / ton, that in Shanxi was about 10500 yuan / ton, that in Hebei was about 10500 yuan / ton, and that in South China was about 11000 yuan / ton.

The international crude oil shock in April was mainly due to the lower than expected increase in U.S. commercial crude oil inventories. The market is still dominated by concerns about tight global oil supply in the future. The market is intertwined with long and short, the global economic recovery slows down, the Federal Reserve’s expectation of raising interest rates rises, and the domestic epidemic suppresses demand, and oil prices are under pressure. On the other hand, the EU is considering imposing an oil ban on Russia, tightening supply expectations, limiting the decline in oil prices, and the recent crude oil price range has fluctuated.

In April 2022, the market trend of hydrogenated benzene in this month fluctuated, the price rose at the beginning of the month, fell in the middle of the month, and rose again at the end of the month. At present, pure benzene is obviously affected by the fluctuation of crude oil trend, some downstream purchase intentions have rebounded to a certain extent, and the demand support is obvious. Superimposed on the pre holiday replenishment demand, the price of pure benzene has risen recently.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the domestic maleic anhydride market is mainly sorted out, and the downstream resin manufacturers are mainly in need of purchase. Affected by the domestic epidemic, transportation is limited, and the atmosphere of goods preparation in the downstream before the festival is light. In May, the maleic anhydride shutdown units were restored one after another, and the supply increased. It is expected that the maleic anhydride market will be mainly sorted out in the near future.