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The average market price of maleic anhydride rose by 2% in AprilAbugarciasilvermax3.71%, the price of the main factory is rising strongly, but the demand for resin downstream is weak, and it is expected that the post-holiday market will be weak.

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The domestic maleic anhydride market as a whole rose by 2% in April.Abugarciasilvermax3.71%

According to the commodity analysis system, the overall domestic maleic anhydride market shows an upward trend this month. Until April 30, maleic anhydrideAbugarciasilvermax3The average offer price has risen to 7190.00 yuan / ton (including tax), an increase of 2.71% from 7000.00 yuan / ton on April 1.

On the supply side, the maleic anhydride market has been effectively supported due to the upside of the downstream unsaturated resin market and the replenishment behavior of resin enterprises before May Day. The price of maleic anhydride in the main factory continues to rise, and the market price also goes up. Although the stock of unsaturated resin is basically finished at the end of the month, leading to a decline in the prices of the main factories, the supply of maleic anhydride is still increasing, while the downstream market takes a wait-and-see attitude.

Upstream market, the hydrobenzene market in April experienced a rise in the first half of the month and a range shock in the second half of the month. In the first half of the month, the start-up of hydrobenzene enterprises was OK, and the supply remained stable. However, in the second half of the month, affected by the rise in raw material prices, enterprise profits decreased, resulting in a significant decline in the operating rate of hydrobenzene enterprises. The market is expected to tighten supply in the future, while on the demand side, as some enterprises plan to stop near the end of the month, the market is expected to decline in demand, which has a certain impact on the market atmosphere, and the market for hydrobenzene fell slightly at the end of the month.

Under the background of the fluctuation of the international crude oil market, the domestic market prices of naphtha and n-butane also show a trend of rising at first and then falling. By April 30, the price of n-butane in Shandong was about 5200-5300 yuan / ton.

In the downstream market, the raw material market of unsaturated resin rose in April, supporting the cost of resin and promoting the shock upward of the market of unsaturated resin. Although the market supply and demand side changes little, the overall performance of trading is general, but the raw material market fell at the end of the month, the supporting role of resin cost is limited. The market of unsaturated resin is mainly stable, and there is no obvious willingness to prepare goods in the downstream market, so it continues to purchase mainly with rigid demand.

Maleic anhydride product analysts predict that as the pre-section stock of downstream unsaturated resin has been basically completed, the supporting role of maleic anhydride market will be weakened. The ex-factory price of the main factory is facing downward pressure, and the signing situation has not been significantly improved. With the new production capacity put into production, the supply of maleic anhydride market is expected to increase, it is expected that the post-holiday maleic anhydride market will be dominated by weak finishing.

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