SunSirs: Summary of the Domestic Acetic Anhydride Market on February 7
February 07 2020 11:04:16 SunSirs (John)
On February 6, the commodity price ratio index of acetic acid and acetic anhydride was 124.04, which was flat with that of yesterday, 12.45% lower than the highest point 141.68 (2018-06-05), and 77.86% higher than the lowest point 69.74 on August 4, 2016. (Note: cycle refers to 2015-01-01 till now). The price of raw material acetic acid is stable for the time being, the price of acetic anhydride is stable for the time being, and the driving force of acetic anhydride market is decreasing.
On February 7, the domestic factory price of acetic anhydride is temporarily stable. Domestic acetic anhydride companies sent quotations to stabilize prices, and market prices remain stable. The domestic factory price of acetic anhydride is around 4,700-4,900 RMB/ton. The price of acetic anhydride for traders is temporarily stable, the actual transaction price is stable, the overall acetic anhydride market is stable, the acetic anhydride manufacturers have started to decline, the manufacturers' inventory has increased, and during the epidemic prevention period, shipping has been difficult, and there have been more downstream shutdowns. Customers have less incentive to purchase and market price is a reference price, the actual transaction price is subject to actual negotiation.
The price of raw material acetic acid is temporarily stable, the price of methanol is temporarily stable, the equipment of acetic anhydride manufacturers is down, the supply of acetic anhydride is normal, the inventory of manufacturers is increased, and downstream shutdowns are high. The downstream customers are less motivated to purchase. Restricted and difficult to transport, the acetic anhydride market is mixed, and the acetic anhydride market is temporarily stable in the near future.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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