Recent Maleic Anhydride Market Trend Consolidation in China

August 4th News

According to the commodity analysis system, the recent maleic anhydride market in China has been consolidating at a low level. As of August 3rd, the average market price for maleic anhydride produced by the n-butane oxidation method remained at 5,862.50 CNY/ton, a decrease of 0.21% from 5,875.00 CNY/ton on July 28th.

Upstream: Recently, the n-butane market has risen, with prices in Shandong, China, reaching around 4,830 CNY per ton as of August 3.

Downstream: Recently, the unsaturated resins market has been consolidating weakly. The low prices of upstream styrene provide limited cost support to unsaturated resins. Currently, unsaturated resins are in the off-season for consumption, and downstream transactions are moderate, providing limited support to the unsaturated resins market, resulting in a weak market trend.

The maleic anhydride product analyst believes that currently, the downstream unsaturated resins market for maleic anhydride is weak, limiting purchasing demand. Partial factory closures or suspension of sales have provided some support to the maleic anhydride market; it is expected that the market will likely stabilize in the near term.