According to the data from the business society, the domestic market price of maleic anhydride continued to decline this week. As of October 16, the average market price of n-butane oxidation maleic anhydride remained at 7950.00 yuan/ton, down 1.73% from the price of 8090.00 yuan/ton on October 10, and down 8.20% from the same period last month.

On October 16, the maleic anhydride commodity index was 74.89, unchanged from yesterday, down 55.00% from the cycle’s highest point of 166.43 (2021-12-15), and up 46.33% from the lowest point of 51.18 on April 14, 2020. (Note: Period refers to 2011-09-01 to now)

Most domestic benzol maleic anhydride markets were shut down this week. This week, the downstream of maleic anhydride is ready for shipment after the festival. The factory has no shipment pressure for the time being, and the resin is mainly purchased on demand. As of the 16th, the solid anhydride in Shandong was about 7400 yuan/ton, that in Jiangsu was about 7400 yuan/ton, that in Shanxi was about 9500 yuan/ton, that in Hebei was about 8000 yuan/ton, and that in South China was about 7800 yuan/ton.

In terms of upstream, after the festival, pure benzene rose continuously and fell back rapidly. On September 30, the average price of pure benzene was 7917 yuan/ton, and on October 14, the average price was 8092 yuan/ton, up 2.21% compared with that before the festival. This week, the ex factory price of hydrogenated benzene in North China rose first and then fell, rising overall. Last weekend, it was 7900 yuan/ton, and this weekend, it was 8033.33 yuan/ton, up 1.69%. As for n-butane, as of October 16, the price in Shandong was 5280 yuan/ton.

According to the maleic anhydride product analysts of the Business Club, the benzene oxidation process in the domestic maleic anhydride market is suffering from serious losses at present, the factory is shut down for maintenance, and the market circulation supply is less; This week, the downstream of maleic anhydride is ready for shipment after the festival. The factory has no shipping pressure for the time being. The resin is mainly purchased on demand, and the price of maleic anhydride is mainly sorted out. It is expected that the maleic anhydride market will continue to consolidate in the near future.