According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market continued to decline in mid July. As of July 21, the average market price of n-butane oxidation maleic anhydride remained at 6075 yuan/ton, a decrease of 1.22% from 6150.00 yuan/ton on July 11.

Supply side: In mid July, the market for maleic anhydride stabilized at a low level, with factory prices slightly falling. Downstream procurement was cautious, and new orders were limited. Recently, downstream unsaturated resin manufacturers of maleic anhydride have maintained a stock of essential goods and are mainly observing the situation. As of July 21st, the factory price of solid anhydride in the maleic anhydride market in Shandong Province is around 5600 yuan/ton, while the factory price of liquid anhydride is around 5100 yuan/ton.
Upstream: The n-butane market fluctuated in mid July, and as of July 21, the price in Shandong was around 4650 yuan/ton.
Downstream: The recent weak consolidation of the unsaturated resin market is the main reason. Currently, unsaturated resin is in the off-season of consumption, and downstream transactions are average. The support for unsaturated resin is limited, and the market has a strong wait-and-see sentiment.

Product analysts believe that currently, the main downstream unsaturated resin of maleic anhydride is still in the off-season, which maintains a strong demand for maleic anhydride procurement; The upstream n-butane market for maleic anhydride is volatile, with limited cost support. In addition, the supply of maleic anhydride in the market is sufficient, and factory orders continue to be poor. It is expected that the maleic anhydride market will mainly consolidate at a low level in the near future.