1、 Price trend

According to the data of business news agency, the domestic maleic anhydride market remained stable this week, mainly on the wait-and-see basis. As of July 18, the average price of hydrogenated maleic anhydride remained at about 11500 yuan / ton, which was stable compared with July 12 and increased by 17.35% compared with the same period last month.

On July 18, the commodity index of maleic anhydride was 108.33, which was the same as yesterday, decreased by 12.40% compared with the highest point of 123.67 points (2017-12-26) in the cycle, and increased by 111.66% compared with the lowest point of 51.18 points on April 14, 2020（ Note: period refers to the period from September 1, 2011 to now

2、 Analysis of influencing factors

The domestic market of phthalic maleic anhydride started to increase this week. International crude oil shock downward, leading to domestic chemical prices have been reduced; The operating rate of unsaturated resin in the lower reaches rose, and the resin market was in a strong wait-and-see mood, which mainly focused on the purchase of just needed resin. As of the 18th, the amount of solid anhydride in Shandong is about 11500 yuan / ton, that in Jiangsu is about 11300 yuan / ton, that in Shanxi is about 11500 yuan / ton, that in Hebei is about 11500 yuan / ton, and that in South China is about 12000 yuan / ton.

On the upstream side, the price of pure benzene fluctuated downward this week. On July 11, the average price of pure benzene was 8630 yuan / ton, and on July 18, the average price of pure benzene was 8530 yuan / ton, down 100 yuan / ton or 1.16% from last week. The market price of hydrogenated benzene in North China fell this week. On July 12, the price of hydrogenated benzene was 8600.00 yuan / ton, and on July 18, the price of hydrogenated benzene was 8475.00 yuan / ton, down 1.45%. The price of n-butane rose, and the price in Shandong was 4480 yuan / ton.

According to the price monitoring of business community, in the list of commodity price rise and fall in the 28th week of 2021 (7.12-7.16), there were 39 kinds of commodities in the chemical industry sector, among which 9 kinds of commodities increased by more than 5%, accounting for 9.3% of the number of commodities monitored in the sector; The top three commodities were yellow phosphorus (20.27%), dimethyl carbonate (17.00%) and butadiene (13.57%). A total of 26 kinds of commodities declined month on month, and 2 kinds of commodities with a decline of more than 5%, accounting for 2.1% of the number of commodities monitored in the sector; The top three products were acetic anhydride (- 8.19%), acetic acid (- 7.35%) and n-propanol (- 4.17%). The average rise and fall this week was 1.08%.

3、 Future forecast

Business community maleic anhydride product analysts believe that the international crude oil shock falls, maleic anhydride market price is high, spot is limited, downstream resin demand is just needed, it is expected that the near future maleic anhydride market price high shock.