1、 Price trend
According to the data of business agency, the average price of maleic anhydride as of April 16 was 6466.67 yuan / ton (including tax), up 19.02% from April 13.
| Benzalkonium chloride |
On April 16, the maleic anhydride commodity index was 60.92, up 1.26 points from yesterday, down 50.74% from 123.67 (2017-12-26), the highest point in the cycle, and up 19.03% from 51.18, the lowest point on April 14, 2020. (Note: cycle refers to 2011-09-01 to now)
2、 Analysis of influencing factors
Product: domestic maleic anhydride market price jumped this week. This week, the domestic maleic anhydride inventory is low, and the supply of solid anhydride in the main production area is limited.
| Sodium Molybdate |
Industry chain: the international crude oil fell, the downstream unsaturated resin rose steadily, and the terminal demand eased, but the order was received cautiously, and the purchase was mainly on demand. According to the monitoring of the business agency, the price of pure benzene has been rising continuously in the near future, and the price of pure benzene was listed at 3000-4000 yuan / ton on the 16th. Recently, the price of hydrogenated benzene continued to rise, and the main quotation range of the East China hydrogenated benzene market was 3400-3500 yuan / ton on the 16th, with an average price of 3450 yuan / ton. The price of n-butane increased with the increase of propylene. The rise of raw material price drives the maleic anhydride market.
3、 Future forecast
According to the maleic anhydride product analyst of the business association, at present, the maleic anhydride factory is in short supply, the supply of solid anhydrite in the main production area is limited, the downstream cost is mainly due to demand procurement, the impact of foreign epidemic situation, the crude oil price is still low, and the operating rate of maleic anhydride rose in May. The short-term supply side supports the price of maleic anhydride, but the demand is limited, and the maleic anhydride market is expected to have a callback risk in May.
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