I. price trend:
According to the monitoring data of business agency, acetic anhydride market fell slightly this week. As of November 25, the average price of acetic anhydride enterprises was 4800.00 yuan / ton, down 62.50 yuan / ton, or 1.29% compared with 4862.50 yuan / ton at the beginning of the week (November 18), and down 31.10% compared with the same period last year.
II. Market analysis:
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The price of acetic acid, the raw material of acetic anhydride, fell in shock last week, while the price of methanol rose in shock. The demand for acetic anhydride is general, the operating rate of acetic anhydride manufacturers is maintained, the supply of acetic anhydride is stable, the downstream procurement enthusiasm is general, the customers purchase on demand, the overall market of acetic anhydride is mixed, the downward pressure of acetic anhydride market is still there, and the upward momentum is insufficient.
Industry chain factor analysis:
It can be seen from the figure that the price of acetic acid fell last week, the price of acetic anhydride raw material acetic acid fell, the pressure of acetic acid price drop increased, the cost of acetic anhydride fell, and it was bad for acetic anhydride. The cost of acetic anhydride enterprises decreased, and the downward pressure of acetic anhydride market increased, and the upward momentum was insufficient.
In terms of methanol, last week’s methanol price fluctuated, and the methanol market recovered. The overall cost of methanol acetic anhydride rose, and the overall market of acetic anhydride was good. From the figure, the increase of methanol was less than the decrease of acetic acid, and the increase power of acetic anhydride was insufficient, and the pressure was large. Overall, the negative pressure on acetic anhydride raw materials is greater than the positive momentum, and it is expected that the market will be weak and stable in the future.
3. Future forecast:
According to Bai Jiaxin, an analyst of acetic anhydride data of business association, acetic anhydride raw material acetic acid market fell last week and methanol market rose. The price of acetic acid fell last week and the pressure of acetic acid price fell increased. The rise of methanol price volatility is good for acetic anhydride market. The overall raw material market is bad for acetic anhydride market and the pressure is greater than the good power. In terms of downstream customers, acetic anhydride demand is general and tourists are not good The demand for acetic anhydride is limited. In general, the downward pressure of acetic anhydride is greater than the upward momentum, and it is expected that the price of acetic anhydride will be weak and stable in the future.