Maleic anhydride market is hard to change

Last week, the domestic maleic anhydride market was still low, and the atmosphere of the overall negotiations did not change. Most manufacturers took the goods difficult. Although the prices of crude oil and foreign exchange prices have been significantly boosted recently, the market mentality has improved compared to the previous period. However, due to the weak downstream demand, the domestic maleic anhydride market has not shown any signs of improvement. The trend of manufacturers reporting high prices has become more obvious, and the downstream receiving goods have been depressed. The price of mainstream negotiations was between RMB 9700 and RMB 9950/ton.

The downturn in the resin industry has made it likely that the maleic anhydride market will continue to decline in the short term. However, the recent positive factors in the market increased, crude benzene and coking benzene market improved slightly, crude oil prices soared and ** price increase, so do not rule out the presence of domestic maleic anhydride market may stabilize stabilized. At the same time as the downstream goods were received, the manufacturers' offer was tentatively raised. Due to the fact that the unsaturated resin industry in the maleic anhydride market is already in the off-season, the operating rate of the manufacturers is obviously lower than that of the previous period. The demand for raw materials is limited. The resin manufacturers' intention to purchase maleic anhydride is still low, and the demand restriction still exists. Although Sinopec has soared, but for the maleic anhydride market, the downstream demand directly dominates its operation. Under the conditions of low demand, the domestic maleic anhydride market is still hard to improve.