According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has been weak recently. As of February 24th, the average market price of n-butane oxidation maleic anhydride remained at 6580 yuan/ton, a decrease of 0.90% from the price of 6640 yuan/ton on February 17th.

On the supply side: The market supply is normal, and downstream unsaturated resin manufacturers of maleic anhydride have seen an increase in production, with procurement mainly based on demand. As of February 24th, the factory price of solid anhydride in Shandong region is around 6200 yuan/ton, and the factory price of liquid anhydride is around 5900 yuan/ton.

Upstream: Recently, the overall price of n-butane has been on the rise, and as of February 24th, the price in Shandong is around 5250 yuan/ton.

Downstream: Recently, unsaturated resin companies have been operating slowly, and there is a strong demand for purchasing unsaturated resins downstream, which has limited support for unsaturated resins. Currently, the procurement of maleic anhydride for unsaturated resins is limited.

The analyst of Shengyi Society’s maleic anhydride products believes that the downstream unsaturated resin of maleic anhydride is slowly declining, and coupled with the weak raw material market, unsaturated resin mainly maintains the essential demand for maleic anhydride, which has limited support for the maleic anhydride market; At present, the main factories producing maleic anhydride maintain stable prices, and it is expected that the maleic anhydride market will experience narrow adjustments in the near future.