Maleic anhydride costs rise upward

Affected by higher raw material costs, the domestic maleic anhydride market rose steadily slightly last week. However, due to the end demand is difficult to follow up, maleic anhydride manufacturers offer pulled up, the shipment was significantly hindered, the mainstream maleic anhydride manufacturers shipped the current price in the 9800 ~ 10300 yuan / ton, the new single difficult to substantive transactions, the market to wait and see the Lord.

The current cost pressures of manufacturers are difficult to ease, and there is still no major improvement in the upside down situation. The overall operating rate of the device did not change much from the previous period, and there was still a backlog of sources on the market. Upstream ** market prices have risen, and cost support has increased. However, terminal demand has been weak. Therefore, the situation with priceless market is still continuing, and inflation resistance is increasing.

The demand for downstream terminals is still sluggish. Due to the weather, there is no sign of a recent slowdown in the operating rate of resin manufacturers. The demand for raw materials is generally low. It is expected that the maleic anhydride market will continue to have upward momentum driven by the cost, but the overall trend will be weak, mainly due to the increase in early-stage gains.