The price of acetic anhydride dropped sharply
According to the data monitoring of SunSirs, the price of acetic anhydride rose sharply after the festival, but the rise of acetic anhydride did not last long. The price of acetic anhydride fell quickly after a short rise. As of October 19, the price of acetic anhydride was 5,900 RMB/ton, down 3.80% from the price of 6,133.33 RMB/ton on October 13, and up 4.12% from the price of 5,666.67 RMB/ton on October 1. After the festival, the price of raw material acetic acid rose sharply, the price of methanol rose sharply, and the price of acetic anhydride followed the rise. After that, the price of methanol fell sharply, the price of acetic acid fell with it, the rise of acetic anhydride was not supported enough, and the price of acetic anhydride fell.
The price of acetic acid fell recently
It can be seen from the trend chart of acetic acid price of SunSirs that the price of acetic acid rose first and then fell in October, and then rose briefly and fell rapidly after the festival. As of October 19, the price of acetic acid was 3660 RMB/ton, down 2.98% from 3772.50 RMB/ton on October 13. The cost decreased, and the driving force of acetic anhydride price increase weakened.
The price of methanol dropped sharply recently
It can be seen from the trend chart of methanol price of SunSirs that methanol rose briefly after the festival and then fell sharply. As of October 19, the price of methanol was 2,886 RMB/ton, down 11.11% from the price of 3,246.67 RMB/ton on October 8. The price of methanol plummeted, the cost of downstream acetic acid and acetic anhydride decreased, and the downward pressure on acetic anhydride increased.
Market outlook
According to the acetic anhydride data analysts of SunSirs, after the festival, enterprises increased their stock replenishment, and acetic acid and acetic anhydride in the acetic anhydride industry chain rose at the same time. However, with the sharp drop in methanol prices, the support for the rise of acetic acid and acetic anhydride weakened, the price of acetic acid fell, the cost of acetic anhydride fell, and the price of acetic anhydride followed the fall. Acetic anhydride prices are expected to fall in the future.
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