SunSirs--China Commodity Data Group

Sign In

Join Now

Home > Commodity News > News Detail
Commodity News
SunSirs: Falling Pressure Burst, Acetic Anhydride Prices Plummeted
June 10 2020 10:42:31SunSirs(John)

Price trend

According to data from the SunSirs, the acetic anhydride market fell sharply this week. The acetic anhydride market lost cost support and prices plummeted. As of June 9, the average price of acetic anhydride enterprises quoted was 5,633.33 RMB/ton, which was a sharp decline from the price of 6,125.00 RMB/ton last weekend, a decrease of 7.43%; the price increased by 23.72% compared with the same period last year. The price of acetic anhydride fell this week, the pressure of acetic anhydride falling increased, and the market of acetic anhydride fell.

 

Acetic acid price trend

As can be seen from the chart of acetic acid price, the price of acetic anhydride rose slowly in early May, and the price of acetic acid rose to the highest point on May 14, after which the price of acetic acid fell briefly after a short period of stability. As of June 9, the price of acetic acid fell 18.10% from the highest point, the price of acetic acid plummeted, the cost of acetic anhydride raw materials fell, and the pressure of acetic anhydride fell.

Methanol price trend

From the methanol price chart, it can be seen that the methanol price rose slightly in early May, and the price was relatively stable until mid-term. After May 13, the methanol price fell sharply. As of June 9, the methanol price fell by 6.30% from the highest point in May. .Methanol prices fluctuated and fell, acetic anhydride cost support fell, and acetic anhydride prices were bearish.

 

Market outlook

On the whole, since mid-May, the prices of acetic anhydride raw materials have continued to fall, the cost of acetic anhydride has fallen, and the pressure of acetic anhydride has continued to increase. However, due to the low start of acetic anhydride manufacturers in early May, the supply of acetic anhydride was insufficient, and the supply of acetic anhydride was tight. Acetic anhydride prices have not followed the decline in raw material prices. Since late May, acetic anhydride manufacturers have gradually resumed their operations and the supply of acetic anhydride has increased. By June, the supply of acetic anhydride was sufficient, and acetic anhydride lost its price support. Since June, the price of acetic acid has fallen sharply. The supply and demand of acetic anhydride have basically balanced. The demand for acetic anhydride was general, and the pressure of acetic anhydride cost decline was increasing. The pressure of acetic anhydride falling this week has erupted, and the price of acetic anhydride has plummeted.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products