According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has been continuously declining recently. As of July 29th, the average market price of n-butane oxidation maleic anhydride remained at 5875 yuan/ton, a decrease of 3.29% from 6075.00 yuan/ton on July 21st.

Supply side: Recently, the market for maleic anhydride has been consolidating at a low level, with poor bidding transactions in Yantai and a slight decline in factory execution prices. Downstream procurement is cautious, and new order signings are limited. Recently, downstream unsaturated resin manufacturers of maleic anhydride have maintained a stock of essential goods and are mainly observing the situation. As of July 29th, the factory price of solid anhydride in the maleic anhydride market in Shandong Province is around 5500 yuan/ton, while the factory price of liquid anhydride is around 4950 yuan/ton.
Upstream: Recently, the n-butane market has risen, and as of July 29th, the price in Shandong is around 4800 yuan/ton.
Downstream: Recently, the unsaturated resin market has remained stable with a moderate downward trend. The decline in upstream maleic anhydride and styrene prices has limited cost support for unsaturated resins. Currently, unsaturated resins are in the off-season of consumption, and downstream transactions are average, which has limited support for unsaturated resins and weak market conditions.
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; The market for maleic anhydride continues to decline, with some factories announcing closures or suspensions of shipments. It is expected that the maleic anhydride market will mainly consolidate in the near future.