According to the commodity analysis system of Shengyi Society, the domestic maleic anhydride market has slightly declined this week. As of September 28th, the average market price of n-butane oxidation maleic anhydride remained at 5487.50 yuan/ton, a decrease of 2.44% from 5625.00 yuan/ton on September 22nd.

On the supply side: The overall market for maleic anhydride has fallen this week, and the pre holiday destocking of maleic anhydride factories has limited support for the market; The downstream unsaturated resin of maleic anhydride has limited procurement and poor stocking atmosphere. As of September 28th, the factory price of solid anhydride in the maleic anhydride market in Shandong Province is around 5100 yuan/ton, while the factory price of liquid anhydride is around 4700 yuan/ton.
Upstream: The overall price of n-butane has slightly increased this week, and as of September 28th, the price in Shandong is around 4560 yuan/ton.
Downstream: Currently, the unsaturated resin market is weak, with most plans for short-term shutdowns or negative load reductions during the National Day holiday. Downstream transactions are average, and support for unsaturated resin is limited, resulting in a weak market situation.
The analyst of Shengyi Society’s maleic anhydride products believes that currently, many downstream unsaturated resin factories of maleic anhydride have plans to reduce load and shut down, which limits the procurement of maleic anhydride; At present, the main focus of maleic anhydride manufacturers is on destocking, and it is expected that the maleic anhydride market will mainly consolidate at a low level in the near future.