SunSirs: Maleic Anhydride Market Prices Rose This Week (October 11-17)
According to the monitoring data of SunSirs, the domestic maleic anhydride market price increased this week. As of October 17, the average price of maleic anhydride remained at 14,366.67 RMB/ton, which was an increase of 5.12% compared with the average price of 13,666.67 RMB/ton on October 11th. It rose by 7.21% over the same period of the month.
On October 17, the maleic anhydride commodity index was 135.34, which was the same as previous day, setting a new historical high in the cycle, which was an increase of 164.44% from the lowest point of 51.18 on April 14, 2020. (Note: Period refers to 2011-09-01 to present)
The operating rate of the domestic maleic anhydride market remained stable this week. International crude oil rose and domestic chemical prices rose; the operating rate of downstream unsaturated resins fell slightly, and the growth of the downstream unsaturated resin resin market slowed down, mainly for rigid demand purchases. As of the 17th, solid maleic anhydride in Shandong area was about 14,500 RMB/ton, liquid maleic anhydride in Jiangsu area was about 14,500 RMB/ton, solid maleic anhydride in Shanxi area was about 14,500 RMB/ton, solid maleic anhydride in Hebei area was about 14,500 RMB/ton, and solid maleic anhydride in South China was about 15,000 RMB/ton.
On the upstream side, the price of pure benzene went down this week after a wide increase. On October 10, the average price of pure benzene was 8,170 RMB/ton, and on October 17, the average price of pure benzene was 8,440 RMB/ton, an increase of 270 RMB/ton, or 3.30%.The market price of hydrogenated benzene in Shandong increased this week. It was 8,220 RMB/ton on the 11th and 8,740 RMB/ton on the 17th, an increase of 520 RMB/ton or 6.33%. For n-butane, as of October 17, the price in Shandong was 6,360 RMB/ton.
According to the price monitoring of SunSirs, in the 41st week of 2021 (10.11-10.15), there were 72 kinds of commodities in the chemical sector that increased month-on-month, of which 26 kinds of commodities increased by more than 5%, accounting for the monitored commodities in this sector. The top 3 commodities with an increase were dichloromethane (44.24%), DMF (30.80%), and hydrogen peroxide (29.57%).A total of 13 commodities fell month-on-month, and a total of 2 commodities fell more than 5%, accounting for 2% of the number of monitored commodities in this sector; the top 3 products that fell were potassium chloride (-11.62%), acetic acid (-5.26) %) and potassium sulfate (-2.44%). The average increase or decrease this week was 3.69%.
The maleic anhydride product analyst of SunSirs believes that the current domestic maleic anhydride market supply is limited, and some factories have implemented pre-orders. The factories have no inventory pressure and the prices are high. The market is mostly on the sidelines. It is expected that the maleic anhydride market may fluctuate at a high level in the near future.