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SunSirs: Raw Material Prices Plummeted and Acetaldehyde Market Fell Sharply in October
November 05 2019 11:36:19SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the price of acetic anhydride fell sharply in October. As of October 31, the average price of acetic anhydride enterprises was 5375.00 RMB/ton, compared with the beginning of the month (October 1), the price of acetic anhydride was 5,981.50 RMB/ton, down 612.50 RMB/ton, a decrease of 10.23%; compared with the same period last year, the price fell by 30.94%.

 

Analysis review

Product: This week, the domestic melamine market was weak. At present, the mainstream price of melamine market in Xinjiang is around 5000 RMB/ton; the mainstream price of melamine market in Sichuan is around 5550 RMB/ton; the mainstream price of melamine market in Henan is around 5600 RMB/ton. The main quotation of melamine market in Shandong is around 5600 RMB/ton.

Industry chain: In October, the acetic acid price fell sharply, and the price of methanol fluctuated sharply. The demand for acetic anhydride is poor, the operating rate of acetic anhydride manufacturers is maintained, the supply of acetic anhydride is stable, the downstream procurement is less motivated, and the customers purchase on demand. The overall acetic anhydride market is more negative than good, and the acetic anhydride market is under greater pressure.

Industry: In October, the price of acetic acid fell sharply, with a drop of 18.84%. The price of acetic anhydride raw materials fell sharply, the cost of acetic anhydride dropped sharply, and acetic anhydride was bad. The cost of acetic anhydride enterprises has fallen sharply, and the pressure on the acetic anhydride market has increased.

In terms of methanol, methanol fluctuated in October, and the cost of methanolic acetic anhydride decreased. The market for acetic anhydride was negative, and there was space for decline in acetic anhydride. The overall raw material of acetic anhydride is bearishly significant, and it is expected that the pressure on the market for acetic anhydride will increase.

 

Market outlook

The acetic anhydride analyst of SunSirs believe that in October, the price of raw materials of acetic anhydride fell sharply, the cost of acetic anhydride fell significantly, and the pressure of acetic anhydride fell dramatically; in terms of downstream customers, the demand for acetic anhydride was poor, downstream customers purchased on demand, the demand for acetic anhydride was limited, and there was no upward momentum for acetic anhydride. On the whole, the downward pressure of acetic anhydride has no upward momentum, and it is expected that the price of acetic anhydride will fluctuate and fall in the future.

 

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