Price Trend
According to data from business associations, the average price of maleic anhydride offer was 7133.33 yuan/ton (including tax) by the end of the weekend, up 0.94% from 7066.67 yuan/ton at the beginning of the week.
| Melamine |
The maleic anhydride commodity index on September 13 was 67.20, unchanged from yesterday, down 45.66% from the cyclical peak of 123.67 points (2017-12-26), and up 19.64% 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
Product: Maleic anhydride market rose slightly this week. This week, the main domestic maleic anhydride factories are operating normally, without stock pressure, domestic maleic anhydride limited sales, tight spot supply, strong bullish mood.
Industry chain: The overall market of unsaturated resin downstream is stable, but the terminal demand is general. According to business association monitoring, in September domestic pure benzene spot is tight, stimulating the market, Sinopec raised the listing price to 5750 yuan/ton for the second time. Recently, the price of pure benzene has risen sharply, the downstream of high-price pure benzene has strong resistance, and the market is cautious. The domestic hydrobenzene market is running steadily, and the current price is 5200 yuan/ton. The price of n-butane remained stable and the market was well supplied.
| ferric sulfate (Poly ferric sulphate) |
Industry: According to the price monitoring of business associations, in the 36 weeks of 2019 (9.9-9.13), there were 30 commodities rising annually in the chemical sector, of which 5 commodities increased by more than 5% accounted for 6% of the monitored commodities in the sector; the first three commodities were butanone (12.76%), crude benzene (11.31%) and nitric acid (7.29%). There are 20 kinds of commodities with a decline of more than 5%, accounting for 3.6% of the monitored commodities in this sector. The products with the first three declines are sulphur (-9.60%), R22 (-7.14%) and R134a (-6.79%). This week’s average rise and fall was 0.43%.
3. Future Market Forecast
Analysts of Maleic Anhydride Products of Business Society Chemical Branch believe that at present, maleic anhydride manufacturers have no inventory pressure, pure benzene prices have risen sharply, downstream resins have rebounded, and the maleic anhydride market may rise in the short term.
| Azodicarbonamide (AC foaming Agent) |