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SunSirs: The Price of Acetic Anhydride Rose This Week (April 20-24)
April 27 2020 13:14:46SunSirs(John)

Price trend

According to the bulk data monitoring of SunSirs, the price of acetic anhydride rose volatility this week. As of April 26, the average price of acetic anhydride enterprises quoted was 5,225.00 RMB/ton, an increase of 112.5 RMB/ton from the beginning of the month, an increase of 2.20%; the price fell by 7.25% compared with the same period last year.


Analysis review   

Product: The price of acetic anhydride rose slightly this week, the downstream enterprises of acetic anhydride started construction steadily, and the overall demand for acetic anhydride recovered. The production of acetic anhydride enterprises was general, the shipment of Yankuang acetic anhydride was less, and the overall supply of acetic anhydride was tight. The current transaction price of acetic anhydride is around 5,000 RMB/ton.

Industrial chain: The price of acetic acid rose sharply this week, and the cost of acetic anhydride rose. The rise in acetic anhydride has cost support, which is good for acetic anhydride. Methanol prices fell this week, raw material prices fell sharply, and acetic anhydride costs fell. The acetic anhydride market is bearish, and acetic anhydride's rising support is insufficient.


Market outlook

Analysts of acetic anhydride data of SunSirs believe that the price of acetic acid has risen sharply this week, and the price of methanol has fallen sharply. The overall cost of acetic anhydride has risen but the cost has been limited. Acetic anhydride has a certain upward momentum. The overall market outlook for acetic anhydride is favorable, and the market outlook for acetic anhydride prices is expected to rise fluctuated.


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