According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market remained stable this week. As of November 24th, the average market price of n-butane oxidation maleic anhydride remained at 6260 yuan/ton, unchanged from the price on November 18th.

In terms of supply, the operating rate of maleic anhydride remained stable this week, while Wanhua began to increase its burden. The resumption time of production for the Qingdao plant has not yet been determined; This week, the prices of the main factories for maleic anhydride have increased, while dealer quotations remain stable. The market is cautious in chasing higher prices, and new orders with urgent needs are mainly being followed up. As of November 24th, the ex factory price of solid anhydride in Shandong region is around 6000 yuan/ton, and the ex factory price of liquid anhydride is around 5500 yuan/ton.

Upstream: The international crude oil market has risen this week, while the n-butane market is weak. As of November 24th, the price in Shandong is around 5150 yuan/ton.

Downstream: The unsaturated resin market remained stable this week, with downstream essential purchases being the main focus. There is limited support for unsaturated resin, and there is a strong wait-and-see sentiment in the market.

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; In the early stage, the ex factory price of maleic anhydride increased, and the dealer price slightly followed suit. Currently, downstream buyers are cautious about chasing higher prices, and first-time purchases are the main focus. It is expected that the maleic anhydride market will mainly consolidate in the near future.