In the past 21 years, acetic anhydride market has been full of passion
According to the monitoring data of business society, the price of acetic anhydride soared in 21 years. As of December 30, the price of acetic anhydride was 10400 yuan / ton, an increase of 3000 yuan / ton or 40.54% compared with 7400 yuan / ton at the beginning of the year. The highest price in the year was 15075 yuan / ton of acetic anhydride on September 28, an increase of 103.72% over the beginning of the year. In the past 21 years, the acetic anhydride market soared throughout the year, and after October, the acetic anhydride market fell rapidly, and the acetic anhydride price plummeted.
Weekly K-line diagram of acetic anhydride in 2021
It can be seen from the K-line chart of acetic anhydride week of business club in 2021 that although the price of acetic anhydride has risen sharply throughout the year, the rise and fall of acetic anhydride price are mainly concentrated in just a few weeks, and the rise and fall of acetic anhydride price is relatively flat in other times. The period of rapid rise and fall of acetic anhydride price in 21 years is mostly related to the reduction of equipment operating rate. The acetic anhydride market in 21 years is struggling in the suspension and resumption of work. Below, we will focus on several periods of rapid rise and fall of acetic anhydride and its main reasons.
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Work stoppage and load reduction before the Spring Festival
In January, the price of acetic anhydride had an obvious rapid rise stage. Before the Spring Festival, the shutdown and burden reduction of acetic acid enterprises increased. In addition, downstream customers prepared goods in advance before the Spring Festival, the price of acetic acid rose sharply, and the cost of acetic anhydride rose, driving the price of acetic anhydride up.
The price of acetic anhydride rose steadily and rapidly in February
In February, the price of acetic anhydride rose slowly in a single week, but the price of acetic anhydride rose steadily and rapidly after the festival. The price rise of acetic anhydride after the festival is mainly due to the shutdown of Celanese acetic acid manufacturer in Texas, the rise of external acetic acid price stimulates the rise of domestic acetic acid price, and the rise of raw material price drives the rise of acetic anhydride price.
In April, acetic acid enterprises stopped unexpectedly to stimulate the sharp rise of acetic anhydride price
The rise of acetic anhydride price in April was unexpected and reasonable. Shunda acetic acid equipment originally scheduled to start after the Spring Festival could not start, and Jiangsu Thorpe acetic acid plant shut down unexpectedly, which exacerbated the shortage of acetic acid supply. The rise of acetic acid price led to the sharp rise of acetic anhydride price in the downstream.
Acetic anhydride prices fell sharply in July
In July, acetic acid equipment resumed operation one after another, the supply of raw materials was sufficient, the price and cost of acetic anhydride decreased, and the price of acetic anhydride fell sharply.
The price of acetic anhydride soared in September
The price of acetic anhydride soared in September, with a single month increase of 54.92%, and the biggest increase was concentrated in the two weeks from September 13 to September 26, with a two-week increase of 50.32%. The sharp rise in the price of acetic anhydride in September was mainly due to the shutdown tide caused by the arrival of the environmental protection supervision group. The upstream and downstream enterprises of acetic anhydride stopped production and production in a large area, Yankuang’s acetic anhydride equipment stopped, and the supply of acetic anhydride was insufficient. However, the demand of downstream customers increased before the National Day holiday, the supply exceeded the demand, and the price of acetic anhydride soared due to the strong atmosphere of market speculation.
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The price of acetic anhydride continued to fall in October
After October, the price of acetic anhydride continued to decline. Although it rebounded briefly, it did not become a climate in the end. In October, the national macro-control focused on the coal industry. The prices of methanol and acetic acid in the downstream fell sharply. Under the background of the decline of the whole industry and the backlog of resistance of downstream customers to high price acetic anhydride, the price of acetic anhydride plummeted and continued to fall until the end of the year. Although acetic anhydride enterprises stopped maintenance for a short time, they failed to stop the decline of acetic anhydride.
Outlook
In 2021, the acetic anhydride market continued to rise during the suspension and resumption of work, and reached a record high at the end of September. However, such a high price of acetic anhydride made the acceptance of downstream customers very poor, and the downstream construction continued to decline. At the same time, the high price of acetic anhydride also squeezed the profit space of downstream customers, which was not conducive to the development of the industry. The decline in the price of acetic anhydride is inevitable. The decline in the price of acetic anhydride from October to the end of the year is the performance of the return to rationality of the acetic anhydride industry. The price of acetic anhydride will still fluctuate downward in 22 years. Due to the tight supply of acetic acid in the upstream and the high concentration of production enterprises, the decline in the price of raw material acetic acid remains to be observed. The acetic anhydride market is expected to fluctuate and decline in 2022. But 8000 yuan / ton or the bottom line of acetic anhydride price in 22 years.
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