SunSirs: The Cost of Raw Materials Dropped and the Market for Acetic Anhydride Fell Down
August 18 2020 14:33:14 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the price of acetic anhydride fluctuated and fell in August, and the market for acetic anhydride fell sharply. As of August 17, the average price of acetic anhydride quotation was 5,525.00 RMB/ton, a decrease of 7.14% from the price of acetic anhydride at the beginning of the month of 5,950.00 RMB/ton, and a decrease of 20.69% from the same period last year.
Analysis review
Acetic acid price trend
It can be seen from the acetic acid price chart that the price of acetic acid fluctuated and fell in August, the cost of acetic anhydride decreased, and the momentum of acetic anhydride growth weakened and the downward pressure was greater.
Methanol price trend
It can be seen from the methanol price chart that the methanol market fluctuated and fell in August, the cost of acetic anhydride fell, and the acetic anhydride market was bearish.
Market outlook
According to the acetic anhydride data analyst of SunSirs, the price of acetic anhydride raw materials fluctuated and fell in August, the cost of acetic anhydride fell, and the rise of acetic anhydride was insufficient to support the downward pressure; the price of acetic anhydride fell from a high level, downstream customers were generally motivated to purchase, and the acetic anhydride market fell under greater pressure, the acetic anhydride market is expected to fluctuate and fall.
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