1、 Price trend

According to the data of business agency, the domestic market price of maleic anhydride fell slightly this week. As of April 29, the average price of maleic anhydride by benzene hydrogenation remained at 11500.00 yuan / ton, down 1.43% from the average price of 11666.67 yuan / ton on April 24 and 5.48% from the same period last month.

On April 29, the maleic anhydride commodity index was 108.33, the same as yesterday, 34.91% lower than the highest point of 166.43 in the cycle (2021-12-15), and 111.66% higher than the lowest point of 51.18 on April 14, 2020. (Note: the period refers to the period from September 1, 2011 to now)

2、 Analysis of influencing factors

This week, the domestic benzene maleic anhydride market started to decline. In the near future, the downstream unsaturated resin market has been basically stable, dominated by rigid demand. As of the 29th, the solid anhydride in Shandong was about 10500 yuan / ton, that in Jiangsu was about 10500 yuan / ton, that in Shanxi was about 10500 yuan / ton, that in Hebei was about 10500 yuan / ton, and that in South China was about 11000 yuan / ton.

Upstream, pure benzene rose in shock this week. The average price of pure benzene was 8460 yuan / ton on April 25 and 8590 yuan / ton on April 29, up 130 yuan / ton, or 1.54%. At present, pure benzene is obviously affected by the fluctuation of crude oil trend, some downstream purchase intentions have rebounded to a certain extent, and the demand support is obvious. Superimposed on the pre holiday replenishment demand, the price of pure benzene has risen recently. The ex factory price of hydrogenated benzene in North China rose this week. The average price of hydrogenated benzene was 8425 yuan / ton on April 25 and 8550 yuan / ton on April 29, up 125 yuan / ton, or 1.48%. In terms of n-butane, the price in Shandong was 6600 yuan / ton as of April 29.

3、 Future forecast

Analysts of maleic anhydride products of business society believe that at present, the domestic maleic anhydride market is mainly sorted out, and the downstream resin manufacturers are mainly in need of purchase. Affected by the domestic epidemic, transportation is limited, and the atmosphere of goods preparation in the downstream before the festival is light. In May, the maleic anhydride shutdown units were restored one after another, and the supply increased. It is expected that the maleic anhydride market will be mainly sorted out in the near future.

1、 Price trend

According to the bulk list data of business society, the domestic glycine price was temporarily stable this week, and the average price of industrial grade glycine was 22333 yuan / ton, with no rise or fall.

2、 Analysis and comment

According to the monitoring of the business community, the price of glycine was temporarily stable this week. The mainstream market quotation was around 21000-22000 yuan / ton. About 50% of the construction started in Hebei. Some factories in Shandong stopped and the overall market supply was sufficient. Affected by the decline in the price of raw materials and downstream glyphosate, the price of glycine was weak.

Downstream products: the mainstream price of downstream glyphosate technical drug is around 64000 yuan / ton. It is understood that the current market price is high, the rising power is insufficient, the supply of foreign manufacturers returns to normal, the tight supply of glyphosate has been effectively alleviated, and the future rising space of glyphosate is limited.

3、 Future forecast

Glycine analysts of business society believe that the current glycine market is lack of positive factors to boost, and the price is expected to be adjusted and operated in a narrow range.