According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has continued to rise this week. As of November 27th, the average market price of n-butane oxidation maleic anhydride remained at 5262.50 yuan/ton, an increase of 1.94% from 5162.50 yuan/ton on November 23rd.

In terms of supply, the market for maleic anhydride has continued to rise this week, with Wanhua’s auction prices continuing to rise, supporting the maleic anhydride market. The prices of major maleic anhydride factories have continued to follow suit, and coupled with the planned shutdown of facilities in Jiangsu, the domestic maleic anhydride market has been boosted, resulting in a sustained increase in the maleic anhydride market; The downstream unsaturated resin of maleic anhydride has limited procurement of maleic anhydride, and the stocking atmosphere is generally average. As of November 27th, the solid anhydride market in Shandong Province operates around a factory price of 5000 yuan/ton, while the liquid anhydride market operates around a factory price of 4850 yuan/ton.
Downstream: Currently, the unsaturated resin market is mainly consolidating weakly, with prices of styrene and maleic anhydride on the raw material side rising. However, the remaining raw materials are operating weakly, and cost support is still acceptable; 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; The sales volume of liquid anhydride products in central and southern China is gradually increasing, and the supply of maleic anhydride may increase. It is expected that the maleic anhydride market will mainly consolidate in the near future.