1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride rose this week. As of February 20, the average price of maleic anhydride by benzene hydrogenation remained at 14166.67 yuan / ton, an increase of 1.19% compared with the average price of 14000.00 yuan / ton on February 14, and an increase of 26.11% compared with the same period last month.

On February 20, the maleic anhydride commodity index was 133.45, unchanged from yesterday, down 19.82% from the highest point of 166.43 in the cycle (2021-12-15), and up 160.75% 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 domestic benzene maleic anhydride market started to decline this week. Recently, the downstream unsaturated resin market price is high and the operation is slow. As of the 20th, the solid anhydride in Shandong was about 13500 yuan / ton, that in Jiangsu was about 13500 yuan / ton, that in Shanxi was about 14000 yuan / ton, that in Hebei was about 13500 yuan / ton, and that in South China was about 14000 yuan / ton. With the end of the Winter Olympics, the spot supply will increase.

Upstream, the price of pure benzene continued to decline this week. The average price of pure benzene was 8130 yuan / ton on February 11 and 7690 yuan / ton on February 18, down 440 yuan / ton or 5.41% from last week. This week, the market price of hydrogenated benzene in Shandong fell, from 8025 yuan / ton on February 10 to 7750 yuan / ton on February 17, down 275 yuan / ton. In terms of n-butane, the price in Shandong was 6980 yuan / ton as of February 20.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the domestic maleic anhydride market is at a high level, the downstream resin manufacturers start slowly, the price is high, the just need to purchase is general, and the high price of maleic anhydride is under pressure. With the end of the Winter Olympics, the spot supply will increase. It is expected that the recent maleic anhydride market will be dominated by high-level consolidation.