According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market slightly fell in mid September. As of September 21, the average market price of n-butane oxidation maleic anhydride remained at 5625.00 yuan/ton, a decrease of 0.22% from 5637.50 yuan/ton on September 11.

On the supply side: In mid September, the market for maleic anhydride slightly declined, with poor bidding transactions in Yantai in the early stage and continuous price drops. Recently, some manufacturers have limited sales operations, resulting in a slight increase in prices for maleic anhydride manufacturers, but overall supplier prices remain stable. At present, there is a significant resumption of production of maleic anhydride in Binzhou. Recently, downstream unsaturated resin manufacturers of maleic anhydride have maintained a stock of essential goods and are mainly observing the situation. As of September 21st, 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 4700 yuan/ton.
Upstream: The overall price of n-butane rose in mid September, and as of September 21, the price in Shandong was around 4550 yuan/ton.
Downstream: Currently, the unsaturated resin market is mainly stable, with sufficient supply of unsaturated resin and average downstream transactions. The support for unsaturated resin is limited, and the market situation is weak.
The analyst of Shengyi Society’s maleic anhydride products believes that the current downstream unsaturated resin market for maleic anhydride is weak, and the procurement of maleic anhydride is limited; At present, maleic anhydride manufacturers have limited sales operations, and it is expected that the maleic anhydride market will rise slightly in the near future.