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SunSirs: Rising Costs Lead to Higher Acetic Anhydride Prices (January 6-10)
January 13 2020 11:40:15SunSirs(John)

Price trend

According to the data of SunSirs, the price of acetic anhydride rose this week. As of January 10, the average quotation price of acetic anhydride enterprises was 4,612.50 RMB/ton, which was an increase of 112.50 RMB/ton, or 2.50% compared with the acetic anhydride quoted at 4,500.00 RMB/ton at the beginning of the week; the price fell 23.34% compared with the same period last year.

 

Analysis review   

Product: This week, the price of acetic anhydride fluctuated and rose. The ex factory price in North China was about 4,500-4,700 RMB/ton, the price in East China was about 4,800 RMB/ton, and the price in South China was about 5,300 RMB/ton. The price rose, and the actual transaction price rose about 100 RMB/ton. Acetic anhydride manufacturers' inventory is low, and downstream customers' purchasing enthusiasm is rising. Acetic anhydride market is good.

Industrial chain: This week, the price of acetic acid fluctuated and rose, the cost of acetic anhydride rose, the pressure of acetic anhydride decline weakened and the power of rise increased, and the price of acetic anhydride rose. This week, the methanol price fluctuated and rose, the cost of acetic anhydride rose, the pressure of acetic anhydride decline weakened and the power of rise increased, and the price of acetic anhydride rose, which was good for the future market of acetic anhydride.

 

Market outlook

According to the analysts of acetic anhydride from SunSirs, the prices of acetic anhydride raw materials, acetic acid and methanol have both recovered this week, the cost of acetic anhydride has increased, the market of acetic anhydride has been favorable, and the price of acetic anhydride has increased; as the Spring Festival is approaching, downstream customers start to stock up, the purchasing enthusiasm of downstream customers of acetic anhydride has increased, the demand for acetic anhydride has increased, and the low inventory of acetic anhydride manufacturers has increased the driving force for the rise of acetic anhydride. Generally speaking, acetic anhydride market in the future is expected to rise in shock.

 

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