According to the Commodity Analysis System of Business Society, the domestic market for maleic anhydride has continued to rise recently. As of June 24th, the average market price of n-butane oxidation method maleic anhydride remained at 7210 yuan/ton, a decrease of 1.10% compared to June 17th at 7290 yuan/ton.

In terms of supply: Wanhua has resumed production recently and has plans to sell out. Recently, the prices of major factories have continued to decline, and market prices have continued to fall. As of June 24th, the ex factory price of solid anhydride in Shandong region is around 6800 yuan/ton, and the ex factory price of liquid anhydride is around 6100 yuan/ton.

Upstream: The international crude oil market has been on the rise recently, while the n-butane market has fallen overall. As of June 24th, the price in Shandong is around 5250 yuan/ton.

Downstream: Currently, raw material prices have fallen, and prices of the main unsaturated resin factories have also fallen. Recently, unsaturated resin has entered the off-season, with limited downstream production and limited support for unsaturated resin.

Business Society’s maleic anhydride product analyst believes that the prices of the main maleic anhydride factories have continued to decline recently, coupled with the current resumption of production by Wanhua, there are plans to sell out in the near future; Downstream unsaturated resins have entered the off-season, with limited procurement of maleic anhydride. It is expected that the maleic anhydride market will mainly consolidate at a low level in the near future.