In the first six months of 2021, my country's chemical products （maleic anhydride） export volume reached 69,700 tons, an increase of 83% over the same period last year, and has exceeded the total export volume in 2020.
In June, my country exported 10,962 tons of maleic anhydride, a year-on-year increase of 139%. In August, domestic factories will continue to execute foreign trade orders.
According to market sources, the major factories' foreign trade orders in August and September have all been completed.
Higher foreign trade exports also form an effective support for domestic prices.



The price of maleic anhydride in the domestic market began to rise at the end of June and continued until the end of July.
In August, due to the cost of raw materials and the supply of factories, prices began to stop falling.



The two raw chemical products for maleic anhydride, hydrogenated benzene and styrene, are currently relatively expensive, resulting in lower profits for the maleic anhydride plant.
The profit of the benzene method is less than 1,000 yuan, and the profit of the butane method is less than 3,000 yuan.
The maleic anhydride plant was unwilling to sell at a low price, and the market price began to be supported.



At present, many maleic anhydride plants in Shanxi Province have stopped chemical products, resulting in a substantial decrease in the short-term supply of solid phthalic anhydride.
In addition, major factories have increased exports, coupled with insufficient domestic supply, domestic price competition continues to weaken, making domestic maleic anhydride prices further support the upward trend.
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Overall, the domestic maleic anhydride market is supported by both cost and supply, and the prices of maleic anhydride manufacturers have also begun to stabilize.
Although some areas are affected by the epidemic, such as logistics and production issues, market prices may rise due to reduced supply and speculation by market participants.