Price Trend
Business associations: maleic anhydride market rose in July as a whole
According to data from business associations, the average price of maleic anhydride offered by the end of July was 6987.50 yuan/ton (including taxes), with a monthly increase or decrease of 5.87%.
| Melamine |
On July 31, the maleic anhydride commodity index was 65.82, down 0.12 points from yesterday, down 46.78% from the cyclical peak of 123.67 points (2017-12-26), and up 17.18% from the lowest point of 56.17 on February 16, 2016. (Note: Period refers to 2011-09-01 to date)
II. Analysis of Influencing Factors
Products: In July, maleic anhydride market continued to rise first and then fall. July crude oil market shocks, downstream resin factories due to environmental factors and high temperature factors, low start-up rate, market continued to weaken, the demand for maleic anhydride is general. In July, most of the major domestic maleic anhydride plants operated normally, and the domestic supply of maleic anhydride was sufficient. Downstream enterprises and traders have low inquiry intentions, mainly to maintain on-demand procurement, and market transactions are general.
| EDTA |
Industry chain: According to the monitoring of business associations, the hydrogenated benzene market rose 8% monthly this month due to the double positive effects of the rise in the external market of pure benzene and the rise in the listing price of pure benzene in Sinopec. The downstream resin factory starts because of environmental protection and high temperature factors, low start-up rate and weak market sentiment. Benzene law deficit situation aggravated, this month due to the sharp decline in pure benzene port inventory and import volume, the United States pure benzene supply gap, domestic pure benzene prices rose by more than 8%. The price of n-butane is still hovering at a low price, the market is well supplied, and the downstream is still in the off-season. In August, maleic anhydride is expected to continue downward trend.
Industry: According to the price monitoring of business associations, in July 2019, 43 kinds of commodities rose annually in the chemical sector, of which 23 commodities increased by more than 5% accounted for 27.4% of the monitored commodities in the sector; the top three commodities were yellow phosphorus (47.32%), phosphoric acid (26.94%) and hydrochloric acid (23.33%). There are 33 kinds of commodities with a decline of more than 5%, accounting for 11.9% of the monitored commodities in this sector. The products with the first three declines are trichloromethane (-16.39%), sulfur (-13.71%) and bromine (-9.66%). This month’s average rise and fall was 2.41%.
| Azodicarbonamide (AC foaming Agent) |
3. Future Market Forecast
Analysts of maleic anhydride products from Business Society Chemical Branch believe that at present, the domestic maleic anhydride market is expected to have a downward trend in August.