According to the commodity analysis system of SunSirs, the domestic maleic anhydride market remained stable at the end of the month, with a slight overall increase. As of April 30th, the average market price of n-butane oxidation maleic anhydride remained at 6,925 RMB/ton, an increase of 0.36% from 6,900 RMB/ton on April 27th.

Analysis review

Supply side:

At the end of the month, the price of maleic anhydride factory remained stable; As of April 30th, Wanhua in Yantai was parked, Hengli Petrochemical had a low load, and Qingdao Refining had not officially sold out; Downstream unsaturated resin manufacturers of maleic anhydride mainly digested the initial inventory. As of April 30th, the factory price of solid anhydride in Shandong region was around 6,700 RMB/ton, and the factory price of liquid anhydride was around 6,400 RMB/ton.

Upstream: At the end of the month, the overall price of n-butane fell, and as of April 30th, the price in Shandong was around 5,050 RMB/ton.

Downstream: As of April 30th, the price of unsaturated resin remained stable, and there were plans to shut down some unsaturated resin plants during the May Day holiday, resulting in a relatively reduced supply. Unsaturated resin was urgently needed for downstream procurement, which had limited support for unsaturated resin and a strong market wait-and-see sentiment.

Market outlooks

SunSirs' maleic anhydride product analyst believes that the main downstream resin of maleic anhydride has gradually stopped production before the holiday, and market support was limited; As of April 30th, the maleic anhydride market was cautious about the post holiday market, and it is expected that the market will mainly consolidate in the near future.