SunSirs: Acetic Anhydride Price Fell by Half in 2022 -Ⅱ

Overview of acetic anhydride market in 2022

The acetic anhydride market in 2022 can be divided into three stages: the first stage, the acetic anhydride plummeted in January and February; The second stage was the wide fluctuation adjustment stage of acetic anhydride price from March to June; In the third stage, acetic anhydride continued to decline.

In the first stage, the price of acetic anhydride plummeted.

At this stage, the price of acetic acid plummeted and the cost of acetic anhydride decreased. Before and after the Spring Festival, acetic acid enterprises started to work normally. Downstream enterprises started to work at a low level, and demand was weak. Acetic acid enterprises bid for delivery in order to remove inventory. The price of acetic acid fell again and again, and the cost of acetic anhydride fell sharply.

The second stage was the wide fluctuation adjustment stage of acetic anhydride price.

At this stage, the price of acetic anhydride rose sharply and fell sharply. In March, the price of methanol rose sharply, which was transmitted to the downstream. The cost of acetic acid rose, and the price of acetic acid fell below the cost line. The price of acetic acid rebounded and rose sharply, while the price of acetic anhydride rose with it. In April, affected by the epidemic, the operating rate of downstream acetic acid enterprises declined, the demand for acetic acid was sluggish, the price of acetic acid fell, and the price of acetic anhydride rose. In May, the maintenance of acetic acid and acetic anhydride enterprises increased, and the prices of acetic acid and acetic anhydride rose sharply; In the traditional slack season of the market in June, the demand for acetic anhydride was insufficient, and the price of acetic anhydride fell sharply.

In the third stage, acetic anhydride continued to decline.

Since July, the maintenance of acetic acid and acetic anhydride enterprises has been completed and resumed. The supply of enterprises increased, and the prices of acetic acid and acetic anhydride continued to fall. In August, Sichuan and other regions had power rationing, the operating rate of acetic anhydride enterprises fell briefly, and the price of acetic anhydride rebounded slightly. However, the impact of power rationing in Shandong, the main production region of acetic anhydride, was limited, and acetic anhydride enterprises were not supported enough to rise. From September to October, the price of acetic anhydride also rebounded for a short time, but the quality of "golden September and silver October" was insufficient, the demand for acetic anhydride was sluggish, and the price of acetic anhydride fell in shock. From November to the end of the year, the demand for acetic anhydride remained sluggish, the supply of acetic anhydride basically recovered, and the price of acetic anhydride continued to decline.

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