Maleic Anhydride Prices Overview

Market Overview

Quarterly Update on Global Maleic Anhydride Market
 
For the Quarter Ending September 2020
 
Asia
 
Maleic Anhydride market in Southeast Asia turned bullish on sudden fall in the spot availabilities when China, a leading exporter of the compound decided to withdraw from the global market in order to cater to its surging domestic demand. Regional supply crises were further exacerbated by the maintenance turnaround at two plants in Indonesia and South Korea, respectively. With revival in demand from the construction sector in early August, consumption of Maleic Anhydride gradually picked up in Q3. Prices in its leading consuming country China, remained high while in India prices were largely around rangebound. Prices of Maleic Anhydride CFR India remained in the range between USD 867-883 per tonne in Q3 of 2020.
 
North America
 
With the economy paving its way back, demand for Maleic Anhydride gradually improved towards the end of Q3. As the cost of feedstock Butane traced back pre-lockdown levels, margins for Maleic Anhydride came under pressure. Several investments and acquisitions were announced in the quarter. ACO Material LLC announced acquisition of the Maleic Anhydride business of the US major Ashland for USD 100 million. Market became optimistic with the completion of engineering phase of the new Maleic Anhydride plant of Polynt-Reichhold in Morris. The demand for Maleic Anhydride from the unsaturated polymer resins and automotive sector marginally improved although uncertainty remained. Buyers resisted to indulge in any fresh deals under fears of mounting inventories due to consistent increment in coronavirus cases in several parts of the region.
 
Europe
 

Ample cargoes of Maleic Anhydride from Asia eased the supply pressure in the European region caused by several planned and unplanned plant turnarounds. Spot availability narrowed by the end of the quarter as a producer who imposed a maintenance turnaround in August delayed its operations under the stress of market uncertainty. The demand however, gradually picked up with resumption in operations across the construction and automotive sector.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Maleic Anhydride manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
 
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Maleic Anhydride market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
 
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
 
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Maleic Anhydride market.
 
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on daily, weekly, monthly and yearly basis.
 

Finally, region-specific markets for Maleic Anhydride are analyzed and region-wise demand pattern is tracked.

About

Maleic Anhydride is a colorless organic compound, commercially utilized for polymer and coating applications. Although its is naturally solid at room temperature, it is processed and commercially sold in the molten state. Maleic Anhydride is primarily utilized in the production of unsaturated polymer resins and in plastic and construction industry. In addition, its increasing usage as an additive for lubricant manufacturing is turning out to be a promising segment in the coming years. Maleic anhydride is commercially manufactured by the oxidation of Benzene or Butane. It can be produced in either of fluidized bed or fixed bed reactor via Butane production route. However, the fluidized bed process offers several advantages over the fixed bed like no premixing requirements and limited air to hydrocarbon concentration in the raw material. However, it consists of several disadvantages like lower conversion rates, by-product formation and catalyst abrasion. Production of Maleic Anhydride via Butane route is considered economically viable for large-scale productions whereas the fix bed Benzene route provides low-cost revamps and is preferred for medium-scale plants.