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SunSirs: The Price of Acetic Anhydride Plummeted Following the Upstream and Downstream in November

December 03 2019 10:44:04     SunSirs (John)

Price trend

According to the data of SunSirs, the acetic anhydride market fell sharply in November. As of November 30, the average quotation price of acetic anhydride enterprises was 4750.00 RMB/ton, which was 625.00 RMB/ton lower than the quotation of 5375.00 RMB/ton at the beginning of the month, a decrease of 11.63%; Compared with the same period last year, the price fell by 31.82%.

 

Analysis review        

Product: The price of acetic anhydride fell for three consecutive months. In November, the market of acetic anhydride was weak and obvious. The demand for acetic anhydride was limited. In terms of supply, the operating rate of acetic anhydride manufacturers was maintained, the supply of acetic anhydride was stable, and the enthusiasm of downstream procurement was general. . Customers purchased on demand. Overall, the market of acetic anhydride was bearish. The downward pressure of acetic anhydride market was still there, and the upward momentum was insufficient. As of the end of November, the actual transaction price of acetic anhydride fell to about 4500 RMB/ton. The actual transaction price of acetic anhydride fell sharply, and the market of acetic anhydride was negative.

Industrial chain: In November, the price of acetic acid and methanol both fell, the cost of acetic anhydride fell sharply, and the downward pressure on acetic anhydride increased. In terms of demand, the demand for acetic anhydride is general, and customers purchase on demand. And with the state's control and transportation restrictions on acetic anhydride and other precursor products, the customer's inventory and stock are limited, and the overall demand for acetic anhydride is weakened.

 

Market outlook

According to the analyst of acetic anhydride data in SunSirs, acetic anhydride raw materials, acetic acid and methanol, fell in November, the cost of acetic anhydride fell, and the market of acetic anhydride was negative; for downstream customers, the demand for acetic anhydride was general, while downstream customers purchased on demand, and the demand for acetic anhydride was limited. On the whole, acetic anhydride fell under great pressure, and it is expected that the price of acetic anhydride will fluctuate slightly in the future.

 

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