According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market overall rose in mid August. As of August 21, the average market price of n-butane oxidation maleic anhydride remained at 6790 yuan/ton, an increase of 1.04% from 6720 yuan/ton on August 11.
| Gamma-PGA (gamma polyglutamic acid) |
Supply side: Yizheng Chemical Fiber and HSBC Petrochemical are expected to resume production in late August, Qingdao Refining and Chemical has started trial operation, and Yantai Wanhua plans to shut down from August 26th; Recently, the prices of the main factories producing maleic anhydride have remained stable, with price fluctuations hovering around 50 yuan/ton. As of August 21st, the ex factory price of solid anhydride in Shandong region is around 6600 yuan/ton, and the ex factory price of liquid anhydride is around 5950 yuan/ton.
Upstream: Recently, the international crude oil market has been fluctuating downwards, with n-butane maintaining a stable trend. As of August 21st, the price in Shandong is around 5250 yuan/ton.
Downstream: Recently, the prices of unsaturated resin raw materials have fallen sharply, and cost support is weak. Currently, it is still in the off-season of consumption, and downstream production continues to be sluggish. Limited demand procurement has limited support for unsaturated resin, and the overall market for unsaturated resin remains stable.
Business Society’s maleic anhydride product analyst believes that in recent times, the main factories for maleic anhydride have mainly maintained stable prices, with cautious market operations and limited transactions; The downstream unsaturated resin market remains stable, with limited procurement of maleic anhydride; At present, there is little change in supply and demand, and there is no significant increase in supply. It is expected that the maleic anhydride market will mainly consolidate in the near future.
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