End-of-Month Maleic Anhydride Market Trends Primarily Consolidating

November 28th News

According to the commodity analysis system, at the end of the month, the overall trend of maleic anhydride in China is consolidation. As of November 28th, the average market price of maleic anhydride produced by n-butane oxidation remained at 5,262.50 CNY/ton, stable compared to the price on November 27th.

Supply side: On the 28th, the maleic anhydride market in China remained stable. The auction of Wanhua Yantai did not result in any transactions, and the auction price in East China slightly decreased. The prices from the main maleic anhydride factories remained largely unchanged. The procurement of maleic anhydride by the downstream unsaturated resins sector was limited, with a general atmosphere of inventory stocking. As of November 28, in the Shandong region, the factory price for solid maleic anhydride was around 5,000 CNY/ton, while that for liquid maleic anhydride was around 4,850 CNY/ton.

On the downstream side: Currently, the market for unsaturated resins remains generally stable. Although prices of raw materials—styrene and maleic anhydride—have risen, other raw materials continue to perform weakly, providing only moderate cost support. Downstream purchasing remains driven by essential demand, offering limited support for unsaturated resins.

According to analysts of maleic anhydride products, currently the primary downstream demand for maleic anhydride comes from rigid unsaturated resins. As liquid maleic anhydride from central and southern China is gradually being sold externally, the supply of maleic anhydride is expected to increase, and the market is likely to stabilize in the near term.