1、 Price trend
According to the data of business agency, as of June 19, the average price of domestic maleic anhydride was 6466 yuan / ton (tax included), which kept stable operation in the week, 2.02% lower than the average price of 6500 yuan / ton in the same period last month.
| Melamine |
On June 19, the maleic anhydride commodity index was 60.92, which was the same as yesterday, down 50.74% from 123.67 (December 26, 2017), the highest point in the cycle, and up 19.03% from 51.18, the lowest point on April 14, 2020. (Note: cycle refers to 2011-09-01 to now)
2、 Analysis of influencing factors
Products: at present, the supply of solid anhydrite market in China is tight, the mainstream manufacturers supply more foreign trade orders, the reduction of market supply competition pressure is still good for solid anhydrite market support, driven by solid anhydrite market, the liquid anhydrite market price mentality rebounds, but the downstream demand is still flat, and the price is stable within the week. On the other hand, the delayed production of new capacity alleviates the contradiction between supply and demand in the market to a certain extent, but the weak demand of downstream terminals may still lead to the decline of maleic anhydride.
| Azodicarbonamide (AC foaming Agent) |
Industry chain: the market of raw material hydrogenated benzene has stopped rising and turned to falling, with slow delivery in the industry and weak price finishing; downstream resin plants still need to buy, and on-site delivery and investment have gradually slowed down, so the industry is more cautious to wait and see.
3、 Future forecast
According to the analysts of maleic anhydride products of business association, the maleic anhydride market is generally stable at present, the trade and investment in the industry is slowing down, and the downstream market is buying on demand, but it is still insufficient just now, and it is expected that the weak market will maintain stability in the short term.
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