SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: After the Cost Rose, the Start of the Work Dropped, and the Acetic Anhydride Market Kept Rising

November 02 2020 13:39:24     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, the price of acetic anhydride fluctuated and rose in October, and the acetic anhydride market continued its upward trend. As of October 31, the average quoted price of acetic anhydride was 5,962.50 RMB/ton, which was an increase of 5.30% compared with the price of acetic anhydride at the beginning of the month (October 1) of 5,662.50 RMB/ton, and up 0.42% compared with the same period last year.

Acetic acid price trend

It can be seen from the acetic acid price chart that the price of acetic acid fell first and then rose in October. The overall market for acetic anhydride rose sharply in October, the cost of acetic anhydride rose, and the momentum of acetic anhydride's rising momentum increased.

Methanol price trend

It can be seen from the methanol price chart that in October, the methanol price first rose and then fell, and the methanol market weakened. In October, the increase was 5.13%. The cost of acetic anhydride rose, and the momentum of the increase in acetic anhydride was greater, which was positive for the acetic anhydride market.

Market outlook

According to the acetic anhydride data analysts of SunSirs, the prices of acetic anhydride raw materials acetic anhydride and methanol fluctuatedly increased in October, and the cost of acetic anhydride increased; at the end of October, the growth rate of acetic acid slowed down, the price of methanol fell, and the momentum of acetic anhydride growth weakened; the Yankuang acetic anhydride equipment was shut down at the end of the month , The operating rate of equipment of acetic anhydride manufacturers has decreased, the supply of acetic anhydride has decreased, and the supply of acetic anhydride companies has been insufficient. In general, the increase in the cost of acetic anhydride in October led to the increase in the price of acetic anhydride, and the price of raw materials fell at the end of the month. The downward pressure of acetic anhydride increased. The shutdown of Yankuang's equipment resulted in insufficient supply of acetic anhydride, and the upward pressure of acetic anhydride increased. The price of acetic anhydride is expected to fluctuate and rise in the future.

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

Energy
Chemical
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products