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SunSirs: Raw Material Prices Fell from High Levels, and Acetic Anhydride Prices Lost Support
July 23 2020 08:05:01SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the price of acetic anhydride has risen sharply since July. The price of acetic anhydride stabilized last week. The price of acetic anhydride fell this week, and the rise of acetic anhydride lost support. As of July 21, the average price of acetic anhydride was 6,025.00 RMB/ton, an increase of 9.55% from the acetic anhydride price of 5,500.00 RMB/ton at the beginning of July, and decreased from the price of 6,075.00 RMB/ton from last weekend, a decrease of 0.82%; the price increased by 13.32% compared with the same period last year.

Analysis review

Acetic acid price trend

It can be seen from the acetic acid price chart that the price of acetic acid dropped from a high level this week, the tight supply of acetic acid market was relieved, and the price of acetic acid dropped. The price of acetic anhydride raw materials has fallen, and the cost of acetic anhydride has fallen, and the upward momentum of acetic anhydride has lost support.

Methanol price trend

It can be seen from the methanol price chart that the price of methanol fluctuated and dropped all the way this week, the cost of acetic anhydride dropped significantly, and the market for acetic anhydride was bearish.

Market outlook

The acetic anhydride data analyst of SunSirs believes that starting last week, the price of acetic acid has remained stable, the price of methanol has fluctuated and fallen, and the cost of raw materials for acetic anhydride has fallen, which is negative for the acetic anhydride market. As the operating rate of acetic anhydride enterprises returned to normal and the price of acetic anhydride raw materials fell, the rise of acetic anhydride lost support. It is expected that the market outlook for acetic anhydride will fluctuate slightly.

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

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