1、 Price trend
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According to the data of the business agency, the domestic maleic anhydride market continued to rise strongly. As of October 30, the average price of maleic anhydride by benzene hydrogenation method remained at about 8466 yuan / ton, up 1.6% compared with the beginning of the week and 5.93% lower than the same period of last month.
On October 29, the commodity index of maleic anhydride was 79.76, which was the same as yesterday, decreased by 35.51% from 123.67 (December 26, 2017), and increased by 55.84% from the lowest point of 51.18 on April 14, 2020.
2、 Analysis of influencing factors
This week, domestic market supply of maleic anhydride is tight, and enterprises stand out strongly. The downstream domestic demand and export side have improved to a certain extent, users have good intention to receive goods, and the overall market inventory is low. In the case of demand follow-up, the price of maleic anhydride continues to rise. At present, the solid anhydride in Shandong is about 8000 yuan / ton, that in Jiangsu is about 8200 yuan / ton, that in Shanxi is about 7900 yuan / ton, that in Hebei is about 7900 yuan / ton, and that in South China is about 8700 yuan / ton.
In the upstream, the hydrobenzene market is less affected by fundamental factors, and the market trend mainly follows the supply and demand changes of the market essence. In the short term, the hydrobenzene market will be mainly consolidated. In the fourth quarter, we still need to focus on the impact of new downstream capacity and crude oil price on the market, which is about 3447 yuan / T. the overall operating rate of the downstream resin industry is about 40%, and the demand is stable Certainly, the overall inventory of the industry is low, and the orders at the export end increase.
3、 Future forecast
According to the analysts of maleic anhydride products of business club, the current market of maleic anhydride has stopped falling and rebounded, and the supply and demand of the market is in a tight balance. In addition, the performance of surrounding industries is strong, and some enterprises are reluctant to sell goods. It is expected that the maleic anhydride market will run stably in a short period of time.
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