1. Price trend
According to data, the domestic maleic anhydride market has continued to rise. As of September 24, the average price of benzene hydrogenation maleic anhydride remained at around 9333 yuan/ton, a sharp increase of 34.62% from the beginning of the month and a 36.59% increase from the average price of the previous month.
2. Analysis of influencing factors
Supply side: At present, the domestic maleic anhydride market has stabilized at a high level. Before the National Day, traders have basically completed the stocking, the market trading atmosphere has slowed down, and the market supply tension has been eased.
Upstream and downstream: Recently, the cost pressure of raw material hydrogenated benzene manufacturing enterprises is relatively high, and the operating rate of facilities has slightly decreased this week; the overall demand of downstream resin factories has increased, and the pre-holiday stocking intention is good. At present, the industry is stable.
3. Market outlook forecast
Analysts of maleic anhydride products believe that the current growth of the maleic anhydride market has slowed down, and the price of maleic anhydride has been firm at a high level. With the completion of stocking by traders, market supply has gradually increased. It is expected that the maleic anhydride market will be firm at a high level in the short term.
