According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has slightly declined recently. As of January 21, the average market price of n-butane oxidation maleic anhydride remained at 6500 yuan/ton, a decrease of 0.31% from 6520 yuan/ton on January 1.

In terms of supply: In mid to early January, Yantai Wanhua reduced its negative load, with relatively low shipment volume and continuous increase in auction prices. The main factories followed suit and increased prices. In addition, maleic anhydride manufacturers mainly use it for their own purposes, resulting in a decrease in market supply and a shortage of distributor sources. Therefore, the focus is on observation and wait-and-see; At present, Wanhua is experiencing a decline in demand, leading to an increase in market supply. In addition, downstream unsaturated resin manufacturers of maleic anhydride are approaching a shutdown period from the previous year, with on-demand procurement being the main focus. As a result, the prices of major maleic anhydride factories continue to fall. As of January 21st, the factory price of solid anhydride in Shandong region is around 6400 yuan/ton, and the factory price of liquid anhydride is around 6000 yuan/ton.

Upstream: In mid January, the overall n-butane market declined, and as of January 21, the price in Shandong was around 5000-5150 yuan/ton.

Downstream: As the end of the year approaches, some unsaturated resin companies have parking plans for prices. Unsaturated resin is urgently needed for downstream procurement, and support for unsaturated resin is limited. Currently, unsaturated resin mainly relies on demand for maleic anhydride.

The analyst of Shengyi Society’s maleic anhydride products believes that downstream unsaturated resins have entered a shutdown cycle, maintaining a focus on essential demand and providing limited support for the maleic anhydride market; At present, the main factories of maleic anhydride are implementing price reductions, and the number of factory orders is limited. It is expected that the maleic anhydride market will continue to decline in the near future.