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SunSirs: Acetic Anhydride Market Was Strong and Prices Continued to Rise This Week
August 31 2020 15:24:58SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the price of acetic anhydride rose continuously this week, with an increase of about 200 RMB/ton. As of August 30, the average price of acetic anhydride was 5,725.00 RMB/ton, an increase of 3.15% from the price of acetic anhydride of 5,550 RMB/ton at last weekend, and a decrease of 13.26% from the same period last year.

Analysis review

Acetic acid price trend

From the acetic acid price chart, it can be seen that the price of acetic acid fluctuated and declined this week, but the decline slowed down, the cost of acetic anhydride fell, and the downward pressure of acetic anhydride still existed.

Methanol price trend

From the methanol price chart, it can be seen that the methanol market bottomed out this week, the price of methanol fluctuated up, the cost of acetic anhydride increased, the downward pressure of acetic anhydride weakened and the rising momentum increased, and the acetic anhydride market was positive.

Market outlook

The acetic anhydride data analyst of SunSirs believes that the price of acetic anhydride has fallen this week and the price of methanol has risen. The cost of acetic anhydride is basically stable, and the downward pressure of acetic anhydride still exists; However, in the recent off-season of acetic anhydride, acetic anhydride companies have had more maintenance and shutdowns, equipment operating rates are low, acetic anhydride inventory is insufficient, sales are small, the pressure of market shortages has increased, and the pressure of acetic anhydride has increased. In general, the market for acetic anhydride has risen, and the price of acetic anhydride will fluctuate and rise slightly in the future.

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

 

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