Price trends:

According to the monitoring data of business associations, as of January 18, the average price of acetic anhydride quoted by enterprises was 6016.67 yuan/ton, which was more stable than the quotation of acetic anhydride last weekend, and the market of acetic anhydride was more stable this week.

2. Market analysis:

Product analysis:

This week, the domestic acetic anhydride ex-factory quotation is temporarily stable, and the market transaction price is stable. Most of the region’s ex-factory quotation is 5900-6200 yuan/ton, the actual transaction price is temporarily stable, Shandong’s actual transaction price is about 5850-6000 yuan/ton, the price is stable, Jiangsu’s transaction price is about 5950 yuan/ton, the market quotation is the reference price, and the actual transaction price is based on actual negotiation.

Factor analysis of industrial chain:

The price of acetic acid remained stable this week. As of January 18, the price of acetic acid was quoted at 3100 yuan/ton, and the price of acetic acid was stable. The price of methanol fell this week. As of January 17, the price of methanol quoted 2264.00 yuan/ton. This week, the price of methanol fell, the cost of acetic anhydride fell, the downstream customers’purchasing enthusiasm was general, and the demand for acetic anhydride was general, which had a negative effect on the market of acetic anhydride.

3. Future market forecast:

Bai Jiaxin, a data analyst for acetic anhydride in business associations, believes that this week’s offer for acetic anhydride is stable. Raw material prices fell this week, acetic anhydride costs fell, acetic anhydride market has a negative impact, the overall price of acetic anhydride has a certain downward pressure. The downstream purchasing enthusiasm is general, the demand for acetic anhydride is at a low level, and the overall market for acetic anhydride is negative. The price of acetic anhydride is expected to fall in the future.

The United States is expected to become the world’s third largest exporter of liquefied natural gas (LNG) this year, creating jobs at home while reducing emissions and providing reliable energy for the rest of the world, according to the American Petroleum Institute (API), Houston, Jan. 13.

API, the U.S. LNG Center and the LNG Alliance, the three national trade associations specializing in American LNG, recently issued an unprecedented joint statement on the extraordinary development of American LNG in 2019.

Todd Snickler, API’s vice president for market development, said: “Since 2016, the substantial growth of LNG exports in the United States has continued to bring tremendous benefits to the United States and the rest of the world. With LNG’s export capacity nearly doubling in 2019, the United States is expected to become the world’s leading gas supplier this year.

“American LNG cargo has been shipped to nearly 30 countries around the world. With the rapid growth of global LNG demand, we expect more countries to benefit from American LNG in the coming years, including from emission reduction,” Todd said.

Charlie Reid, managing director of the U.S. Liquefied Natural Gas Center, said: “The U.S. LNG industry will witness significant growth in 2019. The launch of several U.S. projects will nearly double U.S. exports to the growing global market. Because the United States has a huge natural gas resource base, the United States has a unique position in providing natural gas to partners in urgent global demand.

Charlie added: “As the latest NERA study from the U.S. Department of Energy shows, even with export growth, natural gas prices in 2040 are expected to be only slightly higher than in 2010. Most importantly, the positive economic benefits of exports will outweigh moderate price increases.

The PX commodity index was 64.80 on January 15, unchanged from yesterday, down 36.72% from the peak of 102.40 points in the cycle (2013-02-28), and up 42.26% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, the domestic market price trend of p-xylene has been rising. Pengzhou Petrochemical Unit has been running steadily, Urumqi Petrochemical Unit has started 50% and Fuhaichuang Aromatic Hydrocarbon Unit has been restarted. Other units have been running steadily for the time being. The domestic market supply of p-xylene has increased, and the market price trend of p-xylene has been stable for the time being. The opening rate of PX plant in Asia is less than 70%. The closing price of PX plant in Asia increased by 4 US dollars/ton on Jan. 15. The closing price was US$1055-1057/ton FOB in Korea and US$1075-1077/ton CFR in China. More than 50% of PX plant in China needed to be imported. The rise of foreign price has a positive effect on domestic market price of paraxylene. The price in Asia increased by 500 yuan/ton to 8600 yuan/ton.

On January 15, the price of WTI crude oil in February rose to 52.11 U.S. dollars per barrel, an increase of 1.60 U.S. dollars. Brent crude oil in March rose to 60.64 U.S. dollars per barrel, an increase of 1.65 U.S. dollars. The closing price of crude oil rose slightly, which supported the price of downstream petrochemical products and increased the price of paraxylene market. Recently, the textile industry has gone up, PTA prices have risen slightly in the near future. The average offer price in East China is raised near 6400-6600 yuan/ton. As of the 15th day, the domestic PTA start-up rate is about 72%, the polyester industry start-up rate is about 82%. In addition, the market price of PTA is generally volatile. It is expected that the price of PX market will maintain 8600 yuan/ton in the later period.

On January 16, the closing price of p-xylene in Europe fell by $6 per ton, closing at $966-968 per ton FOB Rotterdam.

On January 13, the PX commodity index was 64.80, unchanged from yesterday, down 36.72% from the peak of 102.40 points in the cycle (2013-02-28), and up 42.26% from the low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, the domestic market price trend of p-xylene has been temporarily stable. Pengzhou Petrochemical Plant has been running steadily in the field. Urumqi Petrochemical Plant has started 50% of its operation. Fuhaichuang Aromatic Hydrocarbon Plant has been restarted. Other plants have been running steadily for the time being. The domestic market supply of p-xylene has increased, and the market price trend of p-xylene has been temporarily stable. The opening rate of PX plant in Asia is less than 70%. The closing price of PX plant in Asia increased by 12 US dollars per ton on January 11. The closing price was US$1050-1052 per ton FOB in Korea and US$1070-1072 per ton CFR in China. More than 50% of PX plant in China needed to be imported. The rise of foreign price has a positive impact on domestic market price of paraxylene, and the intra-site price maintained 8,100 yuan per ton.

On January 11, the price of WTI crude oil in February fell to 51.59 U.S. dollars per barrel, a decline of 1.00 U.S. dollars. Brent crude oil in March fell to 60.48 U.S. dollars per barrel, a decline of 1.20 U.S. dollars. Crude oil closing price slightly declined, which has limited support for the price of downstream petrochemical products, and the price trend of paraxylene market is temporarily stable. Recently, the textile industry has risen, downstream PTA market has risen, PTA price has recently risen slightly. The average price of offer in East China is raised near 6400-6600 yuan/ton. As of the 10th day, domestic PTA start-up rate is about 77%, polyester industry start-up rate is about 82%. In addition, the general market of hobby production and marketing, PTA market price is high, and the price of PX market is expected to rise slightly in the later period.