Domestic glycerin (glycerol) market operates weakly and steadily this week
On January 12, the benchmark price of glycerol (glycerol) fell by 0.27% compared with the same period last week.
Influencing factors:
The domestic glycerin market has been affected by the impact of imported glycerin and costs, and glycerin prices have been weak and stable. The downstream market demand for epichlorohydrin is weak, manufacturers’ operating rates are low, and most companies purchase on demand. For the time being, the market is showing no signs of improvement and is operating weakly and steadily.
Forecast: The domestic glycerin market will be weak and stable in the future.
Domestic maleic anhydride market declined overall this week
The domestic maleic anhydride market has been on an overall downward trend this week. As of January 14, the average market price of n-butane oxidation maleic anhydride fell by 5.68% from January 8.
On the supply side: At the beginning of this week, the quotations of main factories continued to decline. However, with the price of maleic anhydride at a low level, some main factories closed their orders and shipped limited quantities, and the market transaction atmosphere improved.
Upstream: The market for hydrogenated benzene rose slightly this week, and the pure benzene market rose slightly, driving the overall atmosphere of the industry chain upward. The transactions of low-priced goods in Shandong were positive, while the transactions of high-priced goods were lower than expected.
This week, the international crude oil market fluctuated downwards, the upstream naphtha market mainly consolidated at a high level, and the n-butane market continued to rise recently.
Downstream: At present, the cost support of the unsaturated resin market is limited, downstream demand is sluggish, market transactions are generally average, and the overall market is weak.
At present, maleic anhydride factories are mainly executing early orders, coupled with the overall increase in upstream hydrogenated benzene and n-butane, the cost of maleic anhydride is supported; however, the current demand for downstream unsaturated resins is limited, and it is expected that the maleic anhydride market may be dominated by consolidation in the near future.
Post time: Jan-15-2024