According to data from Business News Agency, the domestic maleic anhydride market has been on the rise this week. As of August 14th, the average market price of n-butane oxidation maleic anhydride remained at 6530.00 yuan/ton, an increase of 0.77% compared to the price of 6480.00 yuan/ton on August 7th, and an increase of 3.98% compared to the same period last month.
On August 14th, the maleic anhydride commodity index was 61.51, an increase of 0.84 points compared to yesterday, a decrease of 63.04% from the cycle’s highest point of 166.43 points (2021-12-15), and a rise of 20.18% 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)
| Gamma-PGA (gamma polyglutamic acid) |
This week, the downstream resin market is in a low season and the market is basically stable. The resin downstream just needs to be restocked, and the resin manufacturers’ shipments are average, with limited replenishment of maleic anhydride. The international crude oil market is fluctuating and rising, with a significant increase in the raw material n-butane market and a rise in the maleic anhydride market in the second half of the week. As of the 14th, the solid anhydride in Shandong region is around 6500 yuan/ton, Jiangsu region is around 6500 yuan/ton, and South China region is around 6800 yuan/ton.
On the upstream side, the price of pure benzene has increased this week. On August 14th, the price of pure benzene was 7817.17 yuan/ton, and on August 7th, it was 7675.50 yuan/ton, an increase of 1.85%. The ex factory price of hydrogenated benzene in North China has increased. On August 14th, the price of hydrogenated benzene was 7916.67 yuan/ton, and on August 7th, it was 7783.33 yuan/ton, with a price increase of 1.71%. The market for n-butane has significantly increased this week, with prices in Shandong reaching around 5100 yuan/ton as of August 14th, with an overall increase of around 600 yuan/ton.
Business Society’s maleic anhydride product analysts believe that recently, domestic new units of maleic anhydride in Henan have started to be sold out, with a partial increase in domestic supply of maleic anhydride and a strong willingness for factories to sign orders; The market for n-butane in the upstream of maleic anhydride has significantly increased, driving up the domestic maleic anhydride market, with factory cost support, and downstream entry is just needed. It is expected that the maleic anhydride market will continue to rise in the near future.
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