According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has slightly declined this week. As of February 28th, the average market price of n-butane oxidation maleic anhydride remained at 6560 yuan/ton, a decrease of 0.30% from the price of 6580 yuan/ton on February 24th.

On the supply side: Currently, the market supply is normal, and downstream unsaturated resin manufacturers of maleic anhydride have seen an increase in production, with procurement mainly based on demand. As of February 28th, the factory price of solid anhydride in Shandong region is around 6300 yuan/ton, and the factory price of liquid anhydride is around 6000 yuan/ton.

Upstream: Recently, the n-butane market has slightly increased, and as of February 28th, the price in Shandong is around 5250 yuan/ton.

Downstream: Recently, unsaturated resin companies have been operating slowly, and there is a strong demand for purchasing unsaturated resins downstream, which has limited support for unsaturated resins. Currently, the procurement of maleic anhydride for unsaturated resins is limited.

The analyst of Shengyi Society’s maleic anhydride products believes that recently, the main downstream resin of maleic anhydride has completed its replenishment, and the follow-up of new orders has slowed down. Unsaturated resins mainly maintain the essential demand for maleic anhydride, which has limited support for the maleic anhydride market; At present, the main factories producing maleic anhydride maintain stable prices, and it is expected that the maleic anhydride market will mainly consolidate in the near future.