According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has continued to decline recently. As of September 1st, the average market price of n-butane oxidation maleic anhydride remained at 5605.00 yuan/ton, a decrease of 1.32% from 5680.00 yuan/ton on August 25th.

In terms of supply: Recently, the market for maleic anhydride has continued to decline slightly, with Wanhua East China experiencing a slight decline. The main factories for maleic anhydride have followed suit in terms of execution prices. At present, Hubei Zhongneng’s liquid anhydride equipment is being sold externally, and a total of 160000 tons of equipment in the Shandong region are scheduled for maintenance in early September. Recently, downstream unsaturated resin manufacturers of maleic anhydride have maintained a stock of essential goods and are mainly observing the situation. As of September 1st, the factory price of solid anhydride in the maleic anhydride market in Shandong Province is around 5300 yuan/ton, while the factory price of liquid anhydride is around 4650 yuan/ton.
Upstream: Recently, the n-butane market has fallen sharply, and as of September 1st, the price in Shandong is around 4510 yuan/ton.
Downstream: Currently, the unsaturated resin market is weak and stable. The downstream demand for unsaturated resin is limited, and the upstream raw material market is weak, resulting in limited support for unsaturated resin and weak market consolidation.
Business Society’s maleic anhydride product analyst believes that the recent decline in the upstream n-butane market for maleic anhydride has limited cost support; In addition, the main downstream unsaturated resin market is weak, which limits the procurement of maleic anhydride; But recently, there are maintenance plans for maleic anhydride enterprises in Shandong and North China, which have a certain boosting effect on the maleic anhydride market. It is expected that the maleic anhydride market will rise slightly in the near future.