Review of the Maleic anhydride Market (20201214-20201218)
1. Price trend
Data shows that domestic maleic anhydride market is at weak trend this week, as of December 18, benzene oxidation method of maleic anhydride average price remained at 8533.33 yuan/ton or so, compared with the beginning of the week, a decline of 1.16%, a decline of 11.11% compared with the same period last month.
2. Influencing factors
Affected by environmental control policy this week, the domestic maleic anhydride market began to decline, some enterprises are in the implementation of early orders. Affected by environmental control policy, downstream unsaturated resin operating rate is general with general resin market demand. As of The 18th, the solid anhydride is about 8000 yuan/ton in Shandong, 8500 yuan/ton in Jiangsu, 8500 yuan/ton in Shanxi, 8500 yuan/ton in Hebei, and 8600 yuan/ton in South China.
Upstream, according to the business statistics, this week pure benzene prices fell. On December 13, the price of pure benzene is 4280-4650 yuan/ton (average price is 4556 yuan/ton); The price of pure benzene on Sunday (December 20) was 4170-4600 yuan/ton (the average price was 4486 yuan/ton), down 70 yuan/ton from last week, or 1.54%. This week (December 14 solstice December 18), the market price of hydrobenzene in shandong region fell mainly, at the beginning of the week at 4350 yuan/ton, at the end of the week at 4175 yuan/ton, down 175 yuan/ton; N – butane prices rose steadily.
3. Market forecast
Maleic anhydride product analysts believe that the current maleic anhydride market are within wa-and-see sentiment, the downstream resin demand and terminal demand are general. Price rearrangement is expected in a short time.
exp1@gzchem.com / info@gcresin-paint.com 2020-12-22