1、 Price trend
According to the data of business agency, the domestic market price of maleic anhydride rose sharply this week. As of September 12, the average price of maleic anhydride by benzene hydrogenation remained at 13000.00 yuan / ton, an increase of 8.33% compared with the average price of 12000.00 yuan / ton on September 6, and an increase of 16.07% compared with the same period last month.
On September 12, the maleic anhydride commodity index was 122.46, the same as yesterday, down 0.98% from the highest point of 123.67 in the cycle (December 26, 2017), and up 139.27% from 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
The start-up of domestic benzene maleic anhydride market rose slightly this week. International crude oil shocks and domestic chemical prices rise; The operating rate of unsaturated resin in the downstream increased slightly, and the resin market was dominated by weak consolidation and just needed procurement. As of December 12, Shandong solid anhydride was about 12800 yuan / ton, Jiangsu liquid anhydride was about 12800 yuan / ton, Shanxi solid anhydride was about 13000 yuan / ton, Hebei solid anhydride was about 13000 yuan / ton, and South China solid anhydride was about 13000 yuan / ton.
Upstream, boosted by styrene, pure benzene rose sharply this week. On September 5, the average price of pure benzene was 7700 yuan / ton, and on September 12, the average price of pure benzene was 8080 yuan / ton, up 380 yuan / ton, or 4.94%. This week, the market price of hydrogenated benzene in Shandong increased, from 7700 yuan / ton on September 5 to 7910 yuan / ton on September 12, up 210 yuan / ton, or 2.73%. The trend of downstream styrene was strong in the week, the demand for pure benzene was well supported, the inventory in East China continued to decline, and the market mentality was good. Hydrogenated benzene closely follows the trend of pure benzene and is the main price player this week. The price of n-butane fell, and the price in Shandong was 5020 yuan / ton as of September 13.
According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 36th week of 2021 (9.6-9.10), there are 48 kinds of commodities rising month on month in the chemical sector, including 11 kinds of commodities rising by more than 5%, accounting for 11.2% of the monitored commodities in the sector; The top three commodities were R22 (17.95%), phosphoric acid (11.30%) and liquid ammonia (10.71%). A total of 15 commodities decreased month on month, and 1 commodity decreased by more than 5%, accounting for 1% of the monitored commodities in this sector; The products with the top three declines were butadiene (- 6.27%), n-butanol (industrial grade) (- 4.52%) and aniline (- 3.75%). The average rise and fall this week was 1.43%.
3、 Future forecast
Analysts of maleic anhydride products of business society believe that at present, the supply of maleic anhydride in the domestic market is limited, some factories are pre sold, there is no inventory pressure in the factories, the supply and demand is good, the price of raw materials is rising, and the cost of the CIS rod market is supported. It is expected that the maleic anhydride market may fluctuate at a high level in the near future.
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