The domestic maleic anhydride market maintains in the upward channel, and the main factors supporting this round of rising market are typhoon, impact on logistics and transportation, centralized maintenance in main production areas, and cost pressure, etc. However, after maleic anhydride has run above 6000, the market has doubts about maleic anhydride continuing to rise, but the counter attack road of maleic anhydride is still continuing.

但是，對于基本面表現仍不牢靠的順酐市場，續漲仍存阻力。

However, for the maleic anhydride market whose fundamental performance is still not reliable, there is still resistance to continue to rise.

一方面，供應面，隨著山東及河南地區供應量的恢復，尤其是25日前后除去盛源2.5萬噸裝置，新疆2萬噸裝置依舊處于檢修狀態，其余均將恢復運行，屆時丁烷法供應量將有所提升，供應面相對充足。

On the one hand, with the recovery of the supply in Shandong and Henan, especially in the 25 days before and after the removal of Shengyuan 25000 ton unit, Xinjiang 20000 ton unit is still in maintenance status, and the rest will resume operation. At that time, the butane process supply will be improved and the supply side will be relatively adequate.

二方面，需求面，下游樹脂開工率變化不大，依舊維持在低位負荷，另外當前樹脂原料苯乙烯，苯酐，順酐均有走高，樹脂成本面壓力采購表現。

On the other hand, on the demand side, the operating rate of downstream resin has little change, and it is still maintained at low load. In addition, the current resin raw materials such as styrene, phthalic anhydride and maleic anhydride are all on the rise, and the resin cost side is under pressure purchasing performance.

但是上述兩方面消息有利也有弊，雖然一定程度上令順酐續漲阻力，但另外則是因順酐工廠多數持倉壓力不大，且下游樹脂工廠及貿易商當前原料庫存低位，等令市場仍有剛需采購量存在，因此對于當前順酐價位有所支撐，暫走弱風險小。

However, the above two aspects of news have both advantages and disadvantages. Although to a certain extent, maleic anhydride continued to rise resistance, but in addition, the majority of maleic anhydride factories have little position pressure, and the current raw material inventory of downstream resin factories and traders is low, which makes the market still have a demand for procurement. Therefore, the current price of maleic anhydride is supported, and the risk of temporary weakening is small.

因此整體來看，順酐市場仍有苯法成本壓力支撐短時不排除工廠仍有沖高跡象，但是需求面仍是價位方向的因素之一，因樹脂原料成本也偏高，因此恐限 制樹脂對高價原料接貨興趣，后續順酐漲幅也將收窄。

Therefore, on the whole, the maleic anhydride market is still supported by benzene process cost pressure, and it is not ruled out that the factories still have high signs in a short time, but the demand side is still one of the factors in the price direction. As the cost of resin raw materials is also high, it is afraid that the resin's interest in receiving high price raw materials will be restricted, and the subsequent increase of maleic anhydride will also be narrowed.