According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has recently risen. As of December 16th, the average market price of n-butane oxidation maleic anhydride remained at 6380 yuan/ton, an increase of 1.92% from 6380 yuan/ton on December 9th.

On the supply side: Last weekend, the production unit of maleic anhydride in Yantai unexpectedly shut down, causing a significant decline in the supply of liquid anhydride in the market. At the beginning of the week, the main factory price of maleic anhydride increased by 1000 yuan/ton, and dealer quotations followed suit. As of December 17th, the ex factory price of solid anhydride in Shandong region is around 7000 yuan/ton, and the ex factory price of liquid anhydride is around 6700 yuan/ton.

Upstream: Recently, the international crude oil market has risen, and the overall n-butane market has slightly increased. As of December 16th, the price in Shandong is around 5250 yuan/ton.

Downstream: Recently, the prices of styrene and maleic anhydride, raw materials for unsaturated resins, have continued to rise, putting pressure on the cost of unsaturated resins. In addition, unsaturated resins are mainly purchased for immediate downstream needs, which limits their support for unsaturated resins. Currently, unsaturated resins are cautious about pursuing higher prices for maleic anhydride and focus on demand.

The analyst of Shengyi Society’s maleic anhydride products believes that downstream unsaturated resins maintain a strong demand and provide limited support for the maleic anhydride market; At present, Yantai Wanhua is expected to shut down for about two weeks, resulting in a decrease in the supply of liquid anhydride and an increase in the ex factory price of maleic anhydride. Dealers are following up on prices, and it is expected that the maleic anhydride market will continue to have an upward trend in the near future.