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SunSirs: The Equipment Resumed Operation and the Market for Acetic Anhydride Has Fallen

November 17 2020 13:11:45     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, the price of acetic anhydride fluctuated and fell in November, and the acetic anhydride market slowed down. As of November 16, the average quoted price of acetic anhydride was 5,887.50 RMB/ton, which was a drop of 1.26% from the beginning of the month (November 1) of 5,962.50 RMB/ton; the price was up 21.08% from the same period last year.

Acetic acid price trend

From the acetic acid price chart, it can be seen that the price of acetic acid continued its upward trend in November, with an increase of about 11%. In general, the acetic anhydride market rose sharply in November, the cost of acetic anhydride increased, and the momentum of acetic anhydride increased.

Methanol price trend

It can be seen from the methanol price chart that the methanol price rebounded and rose in November, and the methanol market rose sharply. In November, the increase was about 12%. The cost of acetic anhydride increased, and the momentum of the increase of acetic anhydride was great, which was positive for the acetic anhydride market.

Market summary and outlook forecast

According to the acetic anhydride data analyst of SunSirs, the prices of acetic anhydride raw materials acetic anhydride and methanol continued to rise in November, and the cost of acetic anhydride rose; Yankuang acetic anhydride equipment resumed operation, and acetic anhydride manufacturers started to increase equipment, and the supply of acetic anhydride was sufficient. On the whole, the cost of acetic anhydride increased in November, and the momentum for the increase of acetic anhydride was greater. The equipment of acetic anhydride enterprises increased, the supply of acetic anhydride was sufficient, the upward pressure of acetic anhydride weakened and the downward pressure increased. The overall market outlook for acetic anhydride is positive and mixed, and the price of acetic anhydride fluctuates to maintain stability.

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