1、 Price trend
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According to the data of business society, domestic maleic anhydride market price fell this week, and the average price of maleic anhydride by May 23 remained at about 11250 yuan / ton, down 3.43% from 11650 yuan / ton on May 14, down 0.88% compared with the same period last month.
The maleic anhydride commodity index was 105.98 on May 23, which was flat with yesterday, down 14.30% from the highest point 123.67 in the cycle (December 26, 2017), up 107.07% from the lowest point of 51.18 on April 14, 2020（ Note: the cycle refers to 2011-09-01 to now)
2、 Analysis of influencing factors
The domestic benzene maleic anhydride market started to start a small decline this week. The international crude oil fell sharply, leading to the decline of chemical products price; The downstream unsaturated resin has a stable start rate, and the resin market is weak and needs to be purchased. As of 23 days, about 10500 yuan / ton of solid anhydrides in Shandong Province, 11500 yuan / ton of liquid anhydrides in Jiangsu Province, 10600 yuan / ton of solid anhydrides in Shanxi, 10600 yuan / ton of solid anhydrides in Hebei Province, 11000 yuan / ton of solid anhydrides in South China.
Upstream, the price of pure benzene fell continuously this week, with the average price of pure benzene of 8230 yuan / ton on May 16 and 8080 yuan / ton on May 23, down 150 yuan / T, or 1.82% from last week. This week, the market price of hydrobenzene in Shandong Province was down, which was 8200 yuan / ton at the beginning of the week, 7900 yuan / ton at the weekend, down 300 yuan / ton. The price of n-butane is down, and Shandong price is 4300 yuan / ton.
According to the price monitoring of business agency, there are 24 commodities rising in the chemical industry sector in the list of commodity prices rising and falling in the 20th week of 2021 (5.17-5.21), of which more than 5% of the commodities are 1, accounting for 1.1% of the monitored commodities in the sector; The top 3 commodities were yellow phosphorus (6.99%), caprolactam (2.92%), polysilicon (2.89%). There are 36 commodities falling on the same month, 6 commodities with a decline of more than 5%, accounting for 6.5% of the monitored commodities in the sector; The first three products were isooctanol (-12.97%), isopropanol (-8.49%), n-butanol (industrial grade) (-8.08%). This week, the average rise and fall was -0.67%.
3、 Post market forecast
According to the analysts of maleic anhydride products of business society, the international crude oil sharp decline aggravates the wait-and-see mentality of maleic anhydride market, the difference between supply and demand in maleic anhydride market is aggravating, the main factories have limited volume, the downstream just needs to purchase mainly, the available goods in the site are less, the maleic anhydride price is weak, and the downstream wait-seeing sentiment is strong, and it is expected that the price of maleic anhydride will be weak in the near future.
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