Maleic anhydride market rose this week (11.25-11.29)

I. price trend


According to the data of business agency, the average price of maleic anhydride as of the end of the week was 7366.67 yuan / ton (including tax), up 1.38% from 7266.67 yuan / ton at the beginning of the week.


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On November 29, the maleic anhydride commodity index was 69.40, which was the same as yesterday, 43.88% lower than 123.67 (December 26, 2017), the highest point in the cycle, and 23.55% higher than 56.17, the lowest point on February 16, 2016. (Note: cycle refers to 2011-09-01 to now)


II. Analysis of influencing factors


Product: the domestic market price of maleic anhydride rose this week. This week, most of the major domestic maleic anhydride plants are in normal operation, and the main domestic production plants are in high price operation. The main production areas are limited in stock, driving the domestic maleic anhydride market price.


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Industrial chain: the international crude oil rose slightly, the downstream unsaturated resin operated stably, and the terminal demand was general. According to the monitoring of business news agency, the weak trend of pure benzene this week fell, and the price of pure benzene on Friday was 5250-5351 yuan / ton. This week’s Hydrogenated benzene market is dominated by wait-and-see. On Friday, the price in East China is about 5250 yuan / ton, and that in Shandong is about 5100 yuan / ton. The price of n-butane is hovering at a low price, maintaining stable operation temporarily. The price of domestic main production plants is relatively high, and the spot goods in main production areas are limited, which drives the market price of domestic maleic anhydride.


Industry: according to the price monitoring of business agency, in the 47th week of 2019 (11.25-11.29), there are 18 kinds of commodities rising month on month in the list of commodity prices of chemical industry, the top three commodities are acetone (4.84%), isopropanol (4.47%) and hydrofluoric acid (3.85%). There are 26 kinds of commodities falling on a month on month basis, 4 kinds of commodities falling by more than 5%, accounting for 4.7% of the number of commodities monitored in this sector; the top three products falling are dichloromethane (- 12.99%), trichloromethane (- 9.80%) and ammonium chloride (- 6.76%). This week’s average was – 0.4%.


III. future forecast


At present, although there is no inventory pressure in maleic anhydride plant, the demand is off-season, and the maleic anhydride market is expected to maintain stable operation in the short term.

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