1、 Price trend

Business agency: maleic anhydride market fell sharply in March

According to the data of business agency, the average price of maleic anhydride as of March 31 was 6100.00 yuan / ton (including tax), up and down by – 17.19% compared with 7366.67 yuan / ton at the beginning of the month.

The maleic anhydride commodity index on March 30th was 61.70, down 2.83 points from yesterday, down 50.11% from the highest point 123.67 (2017-12-26) in the cycle, and up 9.85% from the lowest point 56.17 on 02 / 16 / 2016. (Note: cycle refers to 2011-09-01 to now)

2、 Analysis of influencing factors

Products: the market price of maleic anhydride continued to decline in March, and maleic anhydride enterprises resumed work in March. The market supply increased, but the demand recovered slowly, and the price of maleic anhydride continued to decline. At present, the trading volume of maleic anhydride is general, and the demand for procurement is the main one. The middlemen and the downstream have a strong wait-and-see mood for the future.

Industrial chain: international crude oil continued to fall sharply in March. At present, the downstream unsaturated resin recovery is slow and the terminal demand is general. According to the monitoring of business association, at present, the operating rate of hydrogenated benzene enterprises has declined significantly, some units have been shut down, and the price of the whole crude benzene industry chain has fallen sharply. At present, the price of hydrogenated benzene in East China is 2600-2700 yuan / ton. The supply of n-butane is limited, and it is stable at present, and it is expected to decline in the short term.

3、 Future forecast

According to the maleic anhydride product analyst of the business association, at present, the maleic anhydride market is expected to decline in April due to the limited trading volume, weak upstream cost support, limited downstream demand, rigid demand for procurement, and slow resumption of the resin industry chain.