According to data from Business News Agency, the domestic maleic anhydride market started to rise and then fell in April. As of April 18th, the average market price of n-butane oxidation maleic anhydride remained at 7890.00 yuan/ton, a decrease of 1.16% from April 1st’s price of 7740.00 yuan/ton, and an increase of 0.26% from the same period last month.
| Gamma-PGA (gamma polyglutamic acid) |
On April 18th, the maleic anhydride commodity index was 74.33, unchanged from yesterday, a decrease of 55.34% from the cycle’s highest point of 166.43 points (2021-12-15), and an increase of 45.23% from the lowest point of 51.18 points on April 14th, 2020. (Note: The cycle refers to the period from September 1st, 2011 to the present)
At present, the domestic benzene based maleic anhydride market is gradually starting to operate. Recently, downstream resin manufacturers have increased their prices, and their enthusiasm for replenishing maleic anhydride is average. As of the 18th, the solid anhydride in Shandong region is around 7500 yuan/ton, Jiangsu region is around 7500 yuan/ton, Shanxi region is around 7500 yuan/ton, Hebei region is mainly for self use, and South China region is around 7800 yuan/ton.
On the upstream side, the pure benzene port went to the warehouse in April, and the downstream demand for raw materials was relatively stable, and the market price of pure benzene continued to rise. The factory price of hydrogenated benzene in North China has increased by 2.80%, from 7150 yuan/ton on April 1st to 7350 yuan/ton on April 18th. The market for n-butane fluctuated and rose, with prices in Shandong around 5500 yuan/ton as of April 18th.
The maleic anhydride product analysts of the business community believe that the price of n-butane in the upstream of maleic anhydride rose sharply in April, which supported the market cost of maleic anhydride. The price of downstream resin manufacturers increased, superimposed on the price of resin raw materials. The price of maleic anhydride continued to rise in the first ten days of April. In the middle of April, due to the high price of maleic anhydride market, the downstream market was cautious, purchasing enthusiasm was general, and the market price of maleic anhydride declined. As the May Day holiday approaches and downstream restocking continues, it is expected that the maleic anhydride market will be dominated by consolidation in the near future.
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