BDO Raw Material: Maleic Anhydride Market Summary

PUdaily, Shanghai-Maleic Anhydride (MA) prices show uptrend this week. Some producers have cut down for maintenance in order to protect prices. The upstream material of Coking Toluene is increasing slightly, which brings the new pressure for MA, while its downstream resin factories restrict purchasing volumes for MA owing to poor demands. Under current awkward situation, MA prices have to keep stable at the high level.

Trading markets

In Jiangsu, high-priced stocks are flooded in the markets while downstream clients’ interests are declining. The mainstream quotations are ranged at RMB 7600-7700/t with actual transactions at RMB 7500-7600/t. In Shanxi, transactions are unhealthy with selling prices at RMB 7200-7300/t. In Shandong, MA prices keep stable with quotations at RMB 7500-7600/t but negotiations at RMB 7500/t.
MA Outlook

Due to high raw material prices but moderate downstream demands, MA prices will keep steady at the high level in the short run.