Price Trend Chart of China's Main Maleic Anhydride Markets from 2024 to2025
Compared with the average price of the previous month, it has decreased by 300 yuan/ton, with a decline rate of 5.49%; compared with the average price of the same period last year, it has dropped by 1,408 yuan/ton, representing a decline rate of 21.42%.
On one hand, the supply volume remains persistently high.
On the other hand, domestic end-market demand remains sluggish under the impact of seasonal off-peak factors such as high temperatures and heavy rainfall, and the operating rate of major downstream industries has continued to decline. Since the demand side is unable to absorb the newly increased supply, the pressure of oversupply in the MA market has intensified this month. Fierce competition among manufacturers has exerted downward pressure on prices since the start of the month. Only in the later half of the month did a short-term rebound occur due to the upward trend of raw materials, but the magnitude and duration of this rebound were extremely limited.
The MA market may see a recovery in September and October, and there is a possibility of a price rebound, which may decline in November.
On the one hand, the traditional "Golden September and Silver October" peak season is approaching. As the temperature cools down, there is a possibility of a recovery in terminal and downstream demand.
On the other hand, in addition to the planned shutdown of multiple production units in the northern region around the middle of September, the long-term deep loss situation may also increase the number of MA units reducing production or shutting down, alleviating the pressure of oversupply. If the production reduction amplitude exceeds market expectations, the rebound amplitude of MA prices will also expand. However, with the price increase, the probability of the previously shut-down units resuming operation will increase, and new MA units will be put into production one after another.
The restorative growth of supply will cause the price to stop rising and fall in late October or November.
(Data Source: sci99.com)
Edited by: Riley Zhu
