Price trend
According to the data monitoring of the business association, since mid January, the market of acetic anhydride has continued to rise, and after the festival, the price of acetic anhydride is soaring again. As of February 26, the price of acetic anhydride was 9300.00 yuan / ton, 10.71% higher than 8400.00 yuan / ton before the festival (February 10), and 29.17% higher than that in mid January. After the soaring price of acetic anhydride, can the price be sustained? What’s the future of acetic anhydride market?
Acetic acid price trend
It can be seen from the price trend chart of acetic acid that since mid January, the price of acetic acid has been rising continuously. Before the festival, the equipment of acetic acid enterprises started at a low level, the downstream customers purchased actively, and the price of acetic acid continues to rise. After the festival, Hualu Hengsheng’s acetic acid equipment was shut down for maintenance, and the supply of domestic acetic acid raw materials decreased. Influenced by the cold wave, the acetic acid manufacturers in selanese, Texas, USA stopped, and the external price of acetic acid soared, stimulating the development of China The price of domestic acetic acid rose. With the resumption of Hualu Hengsheng acetic acid plant, the impact of cold wave in the United States is abating, the supply of acetic acid is normal, and the rising power of acetic acid in the future is insufficient. However, the active procurement in the downstream supports the high level of acetic acid, and the downward pressure of acetic acid price is limited, and the high level of acetic acid price in the future tends to stabilize. The supply of acetic acid, the raw material of acetic anhydride, is insufficient, the price of acetic acid rises sharply, the cost of acetic anhydride rises, and the rising power of acetic anhydride is huge; the price of acetic acid tends to stabilize in the future, the rising power of acetic anhydride weakens, and the downward pressure still exists.
Methanol price trend
It can be seen from the methanol price trend chart that the methanol price fluctuated and fell in January, rebounded from the bottom in February, and rose slightly after the festival. Although the rising range of methanol is limited after the festival, the overall cost of acetic anhydride still has a certain supporting role, and the rising power of acetic anhydride still exists.
Market summary and future forecast
Bai Jiaxin, acetic anhydride data analyst of business news agency, believes that the price of acetic anhydride has experienced a long rise cycle since mid January, and acetic anhydride is soaring after the festival. The absolute high price of acetic anhydride has great pressure on the downstream cost, and the downstream customers are more resistant to the high price of acetic anhydride. There is a certain downward pressure on acetic anhydride in the future, and there is a risk of decline in acetic anhydride. However, due to the high price of acetic acid and the high cost of acetic anhydride, the price of acetic anhydride in the future is limited, the demand for acetic anhydride is high, the purchasing enthusiasm of downstream customers is high, and the downward pressure of acetic anhydride is small. Acetic anhydride is expected to maintain stability after shock or slight decline.
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