According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market was mainly weakly consolidated this week. As of October 31, the average market price of n-butane oxidation maleic anhydride remained at 6430 yuan/ton, unchanged from the price on October 28.

Supply side: The operating rate of maleic anhydride has increased this week, and the supply has increased; This week, the prices of the main factories producing maleic anhydride have declined, and the quotes from distributors have also fallen. The market has a strong wait-and-see attitude, with new orders and urgent needs being the main focus. As of October 31st, the ex factory price of solid anhydride in Shandong region is around 5900 yuan/ton, and the ex factory price of liquid anhydride is around 5600 yuan/ton.

Upstream: The international crude oil market has fallen this week, and the n-butane market has also fallen. As of October 31st, the price in Shandong is around 5050-5150 yuan/ton.

Downstream: The unsaturated resin market remained stable this week, with downstream essential purchases being the main focus. There is limited support for unsaturated resin, and there is a strong wait-and-see sentiment in the market.

The analyst of Shengyi Society’s maleic anhydride products believes that downstream unsaturated resins maintain a strong demand and provide limited support for the maleic anhydride market; The supply of maleic anhydride has increased, but the price of maleic anhydride has fallen to the annual low point, and some factories have no intention of continuing to lower their prices. It is expected that the maleic anhydride market will mainly consolidate in the near future.