Maleic anhydride market continued downward trend in May

Price Trend

Business associations: Maleic anhydride market continued downward trend in May

According to data from business associations, the average price of maleic anhydride offered at the end of the month was 6950.00 yuan/ton (including taxes), with a monthly increase or decrease of -2.46%.

II. Market Analysis

Products: Maleic anhydride market continued to decline in May. Crude oil fell in May, downstream resin factories due to environmental and economic factors, low start-up rate, general demand for maleic anhydride. In May, the domestic maleic anhydride start-up rate increased, the main factories were operating normally, and the domestic supply of maleic anhydride increased. Downstream enterprises and traders have low inquiry intentions, mainly to maintain on-demand procurement, and market transactions are general.

Industry Chain: The fall of crude oil in May has limited support for the prices of n-butane and pure benzene. Downstream resins factories started because of environmental factors, market sentiment is weak. Hengli Petrochemical shipped a lot and the price of n-butane fell sharply. In June, there is no maintenance plan for the plant, and the start-up rate is expected to remain stable. Therefore, maleic anhydride is expected to maintain a downward trend in the follow-up.

3. Future Market Forecast

At present, the domestic maleic anhydride market is expected to continue its downward trend in June, according to the analyst of maleic anhydride products of Business Society Chemical Branch.