1、 Price trend

According to the data of the business agency, the domestic maleic anhydride market gradually recovered. As of October 26, the average price of maleic anhydride by benzene hydrogenation method remained at about 8333 yuan / ton, up 1.63% compared with the same period last week and 10.71% lower than that of the same period last month.

On October 25, the commodity index of maleic anhydride was 77.25, which was the same as yesterday, decreased by 37.54% from the highest point of 123.67 (December 26, 2017), and increased by 50.94% from the lowest point of 51.18 on April 14, 2020.

2、 Analysis of influencing factors

Affected by the low price of maleic anhydride in the early stage, the downstream market and traders made replenishment on the low price, and the overall market trading recovered, and the enterprises had a good intention to push up. In addition, the prices of peripheral products have been rising recently, which has promoted the price of maleic anhydride to rise strongly. At present, the solid anhydride in Shandong is about 7000 yuan / ton, that in Jiangsu is about 7400 yuan / ton, that in Shanxi is about 7100 yuan / ton, that in Hebei is about 7100 yuan / ton, and that in South China is about 7300 yuan / ton.

On the upstream side, the pure benzene market is in the rising channel after the festival, driven by the downstream styrene rising and the external market rising. At present, it is about 3387 yuan / ton; the demand of downstream resin industry is stable, most manufacturers still just need to purchase, and the overall operating rate of the industry is about 40%.

3、 Future forecast

The maleic anhydride product analysts of the business agency believe that the current maleic anhydride market is strong and upward, the rising raw material prices lead to good cost support, and the downstream market has a good intention to replenish at a low price, which is expected to be strong in a short period of time.