SunSirs: After the Holiday, the Price of Acetic Anhydride Slightly Decreased

After the holiday, the price of acetic anhydride slightly decreased

According to the Commodity Market Analysis System of SunSirs, as of May 6th, the price of acetic anhydride was 5,437.50 RMB/ton, a slight decrease of 0.23% compared to the price of 5,450 RMB/ton on April 30th. The price of raw material acetic acid decreased, the downward pressure increased, and the price of acetic anhydride slightly decreased after the holiday.

Acetic acid prices stopped falling and rebounded

According to the market analysis system of acetic acid products in SunSirs, as of May 6th, the price of acetic acid was 3,250 RMB/ton, a rebound from the price of 3,233.33 RMB/ton on May 1st, with an increase of 0.52%; The price of acetic acid decreased by 1.52% compared to 3,300 RMB/ton on April 20th. After the holiday, the price of acetic acid stopped falling and rebounded. Acetic acid companies started at a low level, and the supply of acetic acid was insufficient. The support for the rise in acetic acid prices still existed. The downward pressure on acetic anhydride in the future weakened, and the upward momentum still existed.

Methanol prices fluctuated and fell after the holiday

According to the methanol commodity market analysis system of SunSirs, as of May 6th, the price of methanol was 2,411.67 RMB/ton, a fluctuating decrease of 0.48% compared to the methanol price of 2,423.23 RMB/ton on May 1st. After the holiday, methanol prices fluctuated and fell, and the cost of acetic acid decreased. In the future, there will be significant downward pressure on acetic anhydride

Market outlook

Analysts from SunSirs’ Acetic Anhydride Data believe that after the holiday, acetic acid prices stopped falling and rebounded, methanol prices fluctuated and fell, and the cost of acetic anhydride had decreased. The operating rate of acetic anhydride manufacturers was low, and the supply of acetic anhydride was insufficient. The cost of acetic anhydride decreased, and the supply was temporarily stable. It is expected that the price of acetic anhydride will fell back in the future.

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