Maleic anhydride: Trading depression, broken million soon

Since January 2014 , the domestic market in a bearish led maleic anhydride continue to decline . As of press time East China price 10,600 yuan / ton, down 600 yuan / ton, 5.4% ; February market decline is more obvious , Wholesale masking tape

up down 1,500 yuan / ton , 12%. February downward pattern throughout the growing market , to inventory , lowering the risk has become a top priority among business investment plunged enthusiasm , sharing sales mentality evident. On the one hand factory stock high, rising , most stabilizing unstable state of mind , the venue gradually slow down the high offer ; hand the impact of poor end demand , unsaturated resin started slow recovery , demand for maleic anhydride difficult to improve , the atmosphere inside was sluggish turnover ; many real estate heavyweights bearish , triggering fears commodities industry .
As of the end of February the mainland more than 60,000 tons of maleic anhydride overall inventory , according to the current production capacity of 3.5 million tons of domestic UPR average of 4 to 5 percent start to calculate the monthly consumption of about 30,000 tons of maleic anhydride nearby , unfortunately, is that most manufacturers are there are raw material inventory and no procurement plan shortly. 5 to 6 tons of maleic anhydride consumption of inventory replenishment alone downstream demand , the market downward trend so far diminished , maleic anhydride insiders worried mind for granted. With the warmer weather is expected to end demand slow warming , the gradual recovery workers unsaturated resin , maleic anhydride rebound is not difficult. March 4 downgraded Japan Petrochemical North benzene , maleic anhydride bearish atmosphere is heating up again Tuesday Datuhe suffered unsold benzene , maleic anhydride market suffered heavy pressure, making it difficult to disperse the venue pessimism .

Recent domestic maleic anhydride plant operating conditions vary widely : Yunnan Qujing Hengyuan Chemical produce 50,000 tons of benzene France unified group of maleic anhydride unit shut down for maintenance , planned to resume this month started ; Xinjiang Kai Ren Jie produce 20,000 tons of petrochemical n-butyl alkyl law maleic anhydride unit plans to stop before the 10th of this month to replace the catalyst ; Dongying together and produce 30,000 tons of chemical method of n-butane to maleic anhydride unit has been in the oven to heat up , the plan before the 10th of this month after the feeding trial run . In exchange found that part of the plant started in the low load, shut down for maintenance in terms of almost no impact on the shelf , sporadic positive pattern is difficult to shake the current market downturn .Washi tape


The biggest problem is the slow domestic market to the inventory , plus lowered pressure on petroleum benzene , maleic anhydride, short-term market upturn too difficult , and does not rule out possible further decline in the market , broken million in increasing the probability of Shanxi . Fortunately, maleic anhydride plant in the long-term cost pressures affecting the mentality of loose quote slow , industry profitability is slightly better, but can continue to improve the stability of the plant will depend on each city mentality. In addition, although the market is still in the downstream channel of maleic anhydride , but end demand is slowly recovering , resin plant will start loading slowly improved, gradually increase the demand for maleic anhydride . Insiders believe that , after two sessions of maleic anhydride market will gradually stabilize and even rebound.Sellotape