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SunSirs: The Acetic Anhydride Market Is Weak and Stable Due to Weak Upstream Market
November 20 2019 13:19:24SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the acetic anhydride market in November fell sharply and then remained stable. As of November 19, the average price of acetic anhydride quoted by enterprises was 4862.50 RMB/ton, down 512.50 RMB/ton or 9.53% compared with 5375.00 RMB/ton quoted at the beginning of the month (November 1), and down 33.69% compared with the same period last year.

 

Analysis review        

Product: In November, the price of acetic acid, the raw material of acetic anhydride, fluctuated and remained stable, while the price of methanol fell sharply. The demand for acetic anhydride is general, the operating rate of acetic anhydride manufacturers is maintained, the supply of acetic anhydride is stable, the downstream procurement enthusiasm is general, the customers purchase on demand, the overall market of acetic anhydride is mixed, the downward pressure of acetic anhydride market is still there, and the upward momentum is insufficient.

Industrial chain: In November, the price of acetic acid fluctuated and stabilized. The price of acetic acid, the raw material of acetic anhydride, was stable. The price of acetic acid wanted to rise, but it was weak. The cost of acetic anhydride was temporarily stable, which was good for acetic anhydride. The cost of acetic anhydride enterprises is stable, the downward pressure of acetic anhydride market is reduced, and the upward momentum is insufficient.

In terms of methanol, the price of methanol rebounded in November, the overall cost of acetic anhydride produced by methanol method decreased, and the overall market of acetic anhydride was negative. The decline rate of acetic anhydride was far higher than that of methanol, and there was less downward pressure on acetic anhydride in the future, and there was limited space for acetic anhydride to fall in the future. Overall, the negative pressure on raw materials of acetic anhydride weakened, which was positive, but the momentum for the rise was insufficient. It is expected that the market of acetic anhydride will be weak and stable in the future.

 

Market outlook

According to the analyst of acetic anhydride from SunSirs, the market of acetic anhydride raw materials picked up in November. After the price of acetic acid rose in some regions in November, it remained stable. The price of acetic acid rose weakly. After the price of methanol fell, the price picked up. The cost of acetic anhydride fell, but the price of raw materials rose in the near future. The downward pressure of acetic anhydride weakened and the rising power was insufficient. In terms of downstream customers, the demand of acetic anhydride was insufficient. Generally, downstream customers purchase on demand, and the demand for acetic anhydride is limited, so the power for acetic anhydride to rise is insufficient. On the whole, the downward pressure of acetic anhydride weakens and the upward momentum is insufficient, and the price of acetic anhydride in the future mainly fluctuates and stabilizes.

 

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

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