1、 Price trend
| Melamine |
According to the data of the business agency, the domestic maleic anhydride market fell sharply. As of October 16, the average price of maleic anhydride by benzene hydrogenation method remained at about 8466 yuan / ton, a sharp decline of 5.93% compared with the beginning of the month and a decrease of 1.93% compared with the same period of last month.
The commodity index of maleic anhydride on October 15 was 81.64, down 0.63 points compared with yesterday, 33.99% lower than 123.67 points (2017-12-26), and 59.52% higher than the lowest point of 51.18 points on April 14, 2020..
2、 Analysis of influencing factors
| Azodicarbonamide (AC foaming Agent) |
Products: the domestic maleic anhydride market fell sharply this week, with the decline of more than 1000 yuan / ton in various regions. Due to the rapid recovery of maleic anhydride plant operation compared with the downstream market, resulting in excess supply in the industry. In addition, the resistance of the downstream to the high price of Maleic anhydride in the early stage, the recent price reduction is obvious. At present, there are about 6500 yuan / ton of solid anhydride in Shandong, 6800 yuan / ton in Jiangsu, 6500 yuan / ton in Shanxi, 6600 yuan / ton in Hebei and 7000 yuan / ton in South China.
Industrial chain: the hydrobenzene market is rising steadily, enterprises mainly implement contracts, and the supply of goods in the industry is tight, at present, it is about 3320 yuan / ton; the production recovery of downstream resin industry is less than expected, the overall demand is soft, and the price support for maleic anhydride is insufficient, and the horizontal arrangement is mainly in a short time.
3、 Future forecast
The maleic anhydride product analysts of the business club believe that the current maleic anhydride market continues to decline, the transaction volume in the industry is light, and the transaction price of sporadic small orders is still low. In addition, the price mentality of the downstream market is obvious, and it is expected that the weakness will be difficult to change in a short period of time.
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