According to analysis, the domestic maleic anhydride market rose slightly in August. As of August 31, the average price of maleic anhydride was 0.45% higher than that on August 1.
Supply: Yizheng Chemical Fiber will soon start production, Qingdao Refining and Chemical will start external sales, and Yantai Wanhua plans to stop production on August 26; the main maleic anhydride factories’ quotations rose overall in mid-to-early August, driving up dealer prices; the maleic anhydride market supply increased in late August, and the main factories’ execution prices fell.
Upstream: The overall price of pure benzene rose in August. The price on August 1 rose by 2.07% compared with the price on August 31, and the market situation of hydrogenated benzene remained stable.
In August, the international crude oil market fluctuated and fell, the domestic naphtha market fell overall, and the market price of n-butane fluctuated.
Downstream: The overall price of unsaturated resin raw materials fell slightly in August, cost support was weak, and it is still in the off-season. Downstream production continued to be sluggish, rigid demand purchases were limited, and support for unsaturated resins was limited. The overall unsaturated resin market remained stable.
The maleic anhydride market has fallen recently, and market operations are cautious; the downstream unsaturated resin market is weak and stable, and purchases of maleic anhydride are limited; Yantai Wanhua has stopped production, Yizheng Chemical Fiber has resumed production, and Qingdao Refining and Chemical has increased production. It is expected that the maleic anhydride market will be mainly consolidated in the near future.
Post time: Sep-02-2024