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SunSirs: After the Holiday, the Market of Raw Materials Were Not Strong, and the Price of Acetic Anhydride Eventually Fell

May 13 2021 14:18:33     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, the price of acetic anhydride finally peaked in May, and the price of acetic anhydride fell in May. On May 12, the price of acetic anhydride was 12,000.00 RMB/ton, a decrease of 333.33 RMB/ton, or 2.70%, compared with the 12,333.33 RMB/ton price of acetic anhydride on May 1.

Acetic acid price trend

From the acetic acid price chart, it can be seen that the price of acetic acid fluctuated and fell by 1.25% in May. After the Spring Festival, the price of acetic acid rose continuously, soaring by 60%. The price of acetic acid continued to be positive and stimulated, and the price of acetic acid continued to rise. After the Labor Day in May, the acetic acid support was not there, and the price of acetic acid fluctuated downward.

Acetic acid and acetic anhydride relationship price index

According to the monitoring data of SunSirs, the commodity relationship price index of acetic acid and acetic anhydride on May 11 was 140.75, which was an increase of 1.75 points from previous day, and a decrease of 4.47% from the highest point in the cycle of 147.34 points (2021-04-11), compared with. the lowest point of 69.74 points on August 4, 2016, it increased by 101.82%. (Note: Period refers to 2015-01-01 to present). The price of acetic acid fluctuated and fell, which was negative for the acetic anhydride market.

Market summary and outlook forecast

SunSirs acetic anhydride data analysts believe that after the May Day festival, acetic acid prices fluctuated and fell, the positive support from acetic acid is not there, acetic anhydride costs fell. As the price of acetic anhydride is at a historical high, the downstream customers of acetic anhydride are more resistant to the high price of acetic anhydride. Under the pressure of cost, more downstream enterprises shut down, the demand for acetic anhydride is insufficient, the good support of acetic anhydride is not available, and the price of acetic anhydride drops. Acetic anhydride price is expected to fluctuate and fall in the future.

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