I. price trend:
According to the monitoring data of business agency, the price of acetic anhydride fell sharply in October. As of October 31, the average price of acetic anhydride quoted by enterprises was 5375.00 yuan / ton, down 612.50 yuan / ton or 10.23% compared with 5987.50 yuan / ton quoted at the beginning of the month (October 1), and down 30.94% compared with the same period last year.
II. Market analysis:
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Product analysis:
In October, the price of acetic acid, the raw material of acetic anhydride, fell sharply, while the price of methanol fell sharply. The demand for acetic anhydride is poor, the operating rate of acetic anhydride manufacturers is maintained, the supply of acetic anhydride is stable, the downstream procurement enthusiasm is poor, customers purchase on demand, the overall market of acetic anhydride is more negative than positive, and the market of acetic anhydride is under great pressure.
Industry chain factor analysis:
As can be seen from the figure, the price of acetic acid fell sharply in October, down by 18.84%. The price of raw materials for acetic anhydride fell sharply, the cost of acetic anhydride fell sharply, which was negative for acetic anhydride. The cost of acetic anhydride enterprises has dropped significantly, and the pressure of acetic anhydride market decline has increased.
In terms of methanol, methanol fell in October, and the cost of acetic anhydride produced by methanol method decreased. The market of acetic anhydride in the future is negative, and there is room for acetic anhydride to fall. Overall, acetic anhydride raw materials were negative significantly, and it is expected that the downward pressure of acetic anhydride market will increase.
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3. Future forecast:
According to Bai Jiaxin, an analyst of acetic anhydride data of business association, in October, the price of raw materials of acetic anhydride fell sharply, the cost of acetic anhydride fell significantly, and the pressure of acetic anhydride fell dramatically; in terms of downstream customers, the demand for acetic anhydride was poor, downstream customers purchased on demand, the demand for acetic anhydride was limited, and there was no upward momentum for acetic anhydride. On the whole, the downward pressure of acetic anhydride has no upward momentum, and it is expected that the price of acetic anhydride will fluctuate and fall in the future.
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