According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has slightly declined this week. As of November 21, the average market price of n-butane oxidation maleic anhydride remained at 5162.50 yuan/ton, a decrease of 0.96% from 5212.50 yuan/ton on November 17.

On the supply side: The overall market for maleic anhydride has fallen this week, with multiple auctions in Yantai not being completed, and multiple incomplete transactions in East China, with prices remaining stable overall. This has limited support for the maleic anhydride market, with prices of major factories experiencing a slight correction; The downstream unsaturated resin of maleic anhydride has limited procurement of maleic anhydride, and the stocking atmosphere is generally average. As of November 21st, the factory price of solid anhydride in the maleic anhydride market in Shandong is around 4850 yuan/ton, while the factory price of liquid anhydride is around 4650 yuan/ton.
Upstream: The overall market for n-butane remained stable this week, with prices in Shandong around 4730 yuan/ton as of November 21.
Downstream: Currently, the unsaturated resin market is weak and mainly consolidating, with average downstream transactions and mainly small orders for essential needs.
The analyst of Shengyi Society’s maleic anhydride products believes that currently, the main downstream unsaturated resin for maleic anhydride is in urgent need of procurement; There is no significant increase in the supply of maleic anhydride, and Wanhua’s auctions have not been fully executed multiple times, increasing the wait-and-see sentiment in the maleic anhydride market. It is expected that the maleic anhydride market will mainly consolidate in the near future.