In May, the domestic market for maleic anhydride fluctuated and rose. As of May 31st, the average quoted price of maleic anhydride was 7962.50 yuan/ton (including tax), an increase of 1.27% from 7862.50 yuan/ton on May 1st.
In terms of supply, the overall operating load of domestic maleic anhydride plants was low in May, with multiple main plants undergoing maintenance and factories controlling their shipments, resulting in a tight supply of spot resources in the market. As of May 31st, the factory price of solid anhydride in the maleic anhydride market in Shandong region is around 7000-7400 yuan/ton, while the factory price of liquid anhydride is around 7100 yuan/ton.

Upstream: In May, the n-butane market in Shandong experienced a volatile downward trend due to geopolitical disturbances in the Middle East, limited imports to ports, and maintenance of some domestic facilities, resulting in overall tight resources; Internationally, Saudi Arabia’s CP butane remained at a high of $800 per ton in May.
Downstream: The unsaturated resin industry experienced sluggish production in May, with companies scheduling production according to orders. Terminal terminals such as building materials, bathroom products, and handicrafts have entered the traditional off-season, with light market transactions and downstream only requiring replenishment of inventory, without centralized replenishment demand, resulting in extremely low acceptance of high priced raw materials.
Business Society’s maleic anhydride product analyst believes that with the resumption of production of previous maleic anhydride maintenance facilities in June, market supply will gradually ease, and prices may continue to be under pressure due to inventory pressure from some companies. The operating rate of the downstream unsaturated resin industry is difficult to significantly increase in the short term, and enterprise procurement is still mainly based on essential needs, which has limited driving effect on the price of maleic anhydride. It is expected that the maleic anhydride market will have a downward trend in June.