Maleic Anhydride Price Trend | China SA Market Drops on Low Crude & Weak Resin Demand

Global sliding crude oil prices have put sustained downward pressure on bulk petrochemical commodities, directly triggering a continuous drop in China’s domestic maleic anhydride market. As of May 27, the average domestic maleic anhydride market price stood at 8,112.50 CNY/ton, marking a 1.82% fall from the May 20 quotation of 8,262.50 CNY/ton. While tight spot inventories deliver mild price cushion, fragile upstream raw material pricing and sluggish downstream consumption cannot reverse the overall downtrend for short-term SA quotations.

Supply Side: Limited Spot Eases Sharp Price Plunge Amid Commodity Downturn

International crude oil’s persistent slump drags the whole petrochemical complex lower, forcing mainstream maleic anhydride manufacturers in China to cut factory quotations sequentially. Restricted available spot resources prop up the market and avoid an excessive price crash. Region-wise, Shandong solid maleic anhydride ex-factory prices fluctuate between 7,100–7,600 CNY/ton, and liquid maleic anhydride settles near 7,300 CNY/ton by May 27. Buyers looking for stable-grade raw material can check detailed product specs via maleic anhydride.

Upstream Raw Material Cost Weakens Further

Upstream feedstock cost loses supporting strength amid poor crude performance. Shandong refineries cut LPG offers, driving domestic n-butane market down to 6,550 CNY/ton with volatile softening quotes. Meanwhile, May Saudi CP is fixed at 800 USD/ton; static CP fails to offset the downside pressure from falling n-butane, further compressing maleic anhydride production cost floor.

Downstream Unsaturated Resin Demand Stays Subdued

The unsaturated resin sector remains in a sluggish market cycle. Falling upstream raw material prices erase cost advantages for resin producers, leading most downstream factories to adopt a wait-and-see procurement mindset. End-users only place small-batch orders to cover rigid production needs instead of stockpiling inventories. Without notable consumption improvement, downstream operating rates will stay flat in coming weeks.

Short-Term Market Outlook

Combined with weak petrochemical commodity sentiment, sliding feedstock costs and stagnant unsaturated resin purchasing intention, China’s maleic anhydride market lacks positive driving factors. Industry insiders predict domestic SA prices will maintain volatile downward movement in the near future.

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