Price trends:
The price of acetic anhydride rose sharply in July, according to data from business associations. As of July 31, the average price quoted by acetic anhydride enterprises was 6 033.33 yuan/ton, which was 5 100.00 yuan/ton compared with that quoted by acetic anhydride at the beginning of the month, with an increase of 18.30%. The price of acetic anhydride fell by 15.77% compared with that of the same period last year.
| Sulfamic acid |
II. Market analysis:
Product analysis:
In July, the domestic acetic anhydride ex-factory quotation rose sharply, and the market transaction price rose. As of July 31, most of the region’s ex-factory quotation is 6700-7000 yuan/ton, the actual transaction price has risen, the market quotation is the reference price, and the actual transaction price is based on actual negotiation. Hualu Hengsheng acetic anhydride equipment parking, Henan Ronghua chemical acetic anhydride parking, Huzhou acetic anhydride factory equipment maintenance, Jiachi chemical acetic anhydride equipment parking, acetic anhydride factory equipment start-up rate low maintenance, factory inventory is limited, acetic anhydride downstream sales situation is general, starting in mid-late July, acetic anhydride factory parking maintenance, short supply of acetic anhydride. Lack of acetic anhydride, sufficient momentum to rise. However, with the end of equipment overhaul of acetic anhydride manufacturers, the start-up rate of acetic anhydride equipment has increased, the price of acetic anhydride is bound to fall, and the momentum for the rise of acetic anhydride in the future is insufficient.
Factor analysis of industrial chain:
As can be seen from the chart, acetic acid experienced a short period of price inflation in July, which was mainly caused by the explosion of Yima Gasification Plant in Henan Province. The explosion in Henan Yima Gasification Plant led to a sharp rise in the price of acetic acid, which supported the rise of acetic anhydride. At the same time, the explosion caused the state to intensify the inspection of production safety, which had an impact on the equipment production of chemical enterprises, resulting in a sharp rise in acetic acid prices. However, due to the general demand for acetic acid in the near future, the overall supply of acetic acid is sufficient, and the momentum for acetic acid to rise is insufficient, acetic acid has not formed a sustained upward momentum, and the pressure for acetic acid to fall in the future is greater. The price of acetic acid declined in the future, which made the market of acetic anhydride more bearish.
| sulphamic acid |
3. Future market forecast:
Bai Jiaxin, an analyst of acetic anhydride data from business associations, believes that the price of acetic anhydride rose sharply in July, mainly due to two factors: the low start-up rate of acetic anhydride equipment and the insufficient supply of acetic anhydride, which led to a sharp rise in prices; the explosion in Yima, Henan Province, which caused a sharp rise in acetic anhydride prices, and the rise in raw material prices. In terms of demand, acetic anhydride demand is general, customers purchase on demand, high-price acetic anhydride resistance psychology is greater, acetic anhydride market is negative. In the future, the price of acetic acid began to decline, the cost of acetic anhydride lost its support, and the pressure of future decline increased. Last weekend, Hualu Hengsheng Shengsheng acetic anhydride equipment was repaired and restarted. The acetic anhydride equipment of other enterprises in the future will also start construction one after another. The supply of acetic anhydride will gradually increase, the shortage of acetic anhydride supply will be alleviated, and acetic anhydri Support, the downward pressure of the future market increased. In summary, the future market of acetic anhydride has limited space to rise, and it is expected that the future market of acetic anhydride will mainly fall.