1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride rose this week. As of October 24, the average price of benzene hydrogenation maleic anhydride remained at 16166.67 yuan / ton, an increase of 10.23% over the average price of 14666.67 yuan / ton on October 18, and an increase of 19.75% over the same period last month.

On October 24, the maleic anhydride commodity index was 152.29, unchanged from yesterday, hitting a record high in the cycle, up 197.56% from the lowest point of 51.18 on April 14, 2020. (Note: the period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

This week, the domestic benzene maleic anhydride market started to decline. International crude oil rose and domestic chemical prices rose; The operating rate of downstream unsaturated resin increased, and the downstream unsaturated resin operated at a high level, mainly in need of procurement. As of the 24th, Shandong’s solid anhydride was about 15500 yuan / ton, Jiangsu’s 16000 yuan / ton, Shanxi’s 16000 yuan / ton, Hebei’s 15000 yuan / ton and South China’s 16000 yuan / ton.

Upstream, the price of pure benzene fell after rising this week. On October 17, the average price of pure benzene was 8440 yuan / ton, and on October 24, the average price of pure benzene was 8340 yuan / ton, down 100 yuan / ton, or 1.18%. This week, the market price of hydrogenated benzene in Shandong fell, from 8350 yuan / ton last weekend to 8050 yuan / ton this weekend, down 300 yuan / ton. In terms of n-butane, the price in Shandong was 6360 yuan / ton as of October 24.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 42nd week of 2021 (10.18-10.22), there are 50 kinds of commodities rising month on month in the chemical sector, including 15 kinds of commodities rising by more than 5%, accounting for 15% of the monitored commodities in the sector; The top three commodities were hydrochloric acid (53.29%), ammonium sulfate (41.18%) and chloroform (22.60%). A total of 27 kinds of commodities decreased month on month, and 9 kinds of commodities decreased by more than 5%, accounting for 9% of the monitored commodities in this sector; The products with the top three declines were yellow phosphorus (- 16.67%), phosphoric acid (- 13.83%) and acetic acid (- 11.25%). The average rise and fall this week was 1.81%.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the supply of domestic maleic anhydride market is limited, some factories execute early orders, the factories have no inventory pressure, the price is high, and the market is mostly on the sidelines. It is expected that the maleic anhydride market may fluctuate at a high level in the near future.