Domestic maleic anhydride prices climbed moderately in China during the final week of January 2022. Maleic anhydride generated through the benzene hydrogenation process maintained an average price of 11,400 RMB/MT on January 28, up 0.59 percent from the previous week's average price of 11,333.33 RMB/MT and down 16.59 percent from the same week last month. On March 15, Tangshan Huayi maleic anhydride had a total production capacity of 30000 MT and a quotation of 12000 RMB/MT. Shandong's market was discovered to be underdeveloped. The ex-factory price of solid anhydride was around 11500 RMB/MT (cash exchange), whereas the ex-factory price of liquid anhydride was approximately 11000 RMB/MT (cash exchange). Both trading and delivery were on a broad scale.
As COVID-19 limitations began to lift in the fourth quarter of 2020, despite a return of the virus late in the year, demand for maleic anhydride in the United States increased dramatically, primarily from the UPR side but also from the acidulants industry. The price of maleic in the United States climbed in the fourth quarter of 2020 and in January 2021, but the growth slowed in February, with most suppliers announcing they would roll over prices for the month.
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Procurement Resource provides prices of Maleic Anhydride for several regions around the globe, which are as follows:
About Maleic Anhydride:
Maleic Anhydride, a cyclic anhydride of maleic acid, is a white crystalline solid with an acrid odour, but remains liquid or gas during production. Two acid carbonyl groups and a double bond is present in its structure, which make it useful for broad industrial applications. It derives from natural malic acid. Maleic anhydride and maleic and fumaric acids were first prepared in the 1830s. However, their production at commercial scale did not begin until a century later.
In both the routes, butane and benzene are fed into a stream of hot air, and they are passed through a catalyst bed at much higher temperatures. While vanadium pentoxide and molybdenum trioxide serve as a catalyst for the benzene route, vanadium phosphate is utilised for the butane route.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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