According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has been consolidating at a low level recently, with a slight overall increase. As of June 23, the average market price of n-butane oxidation maleic anhydride remained at 6325 yuan/ton, an increase of 0.12% from 6317.50 yuan/ton on June 16.

Supply side: Recently, the market for maleic anhydride has been consolidating at a low level, with slight fluctuations in factory prices and limited new orders being signed. At present, Yantai Wanhua has plans to resume production in the near future, while Qingdao Refining and Chemical is shipping normally; Recently, downstream unsaturated resin manufacturers of maleic anhydride have been cautious in their stocking operations and are mainly observing the situation. As of June 23rd, the factory price of solid anhydride in Shandong region is around 6000 yuan/ton, and the factory price of liquid anhydride is around 5300 yuan/ton.
Upstream: Recently, the n-butane market has fallen, and as of June 23, the price in Shandong was around 4650-4700 yuan/ton.
Downstream: Recently, the unsaturated resin market has seen a slight increase, with the raw material market for unsaturated resin rising and supported by resin costs. However, currently unsaturated resin is still in the off-season, with average downstream transactions and limited support for unsaturated resin. The market has a strong wait-and-see sentiment.

The analyst of Business Society’s maleic anhydride products believes that the main downstream resin of maleic anhydride is still in the off-season, and the procurement of maleic anhydride is limited; The upstream n-butane market for maleic anhydride has fallen, and the cost support for maleic anhydride is limited. In addition, with sufficient supply in the maleic anhydride market, it is expected that the maleic anhydride market will mainly consolidate at a low level in the near future.