On August 17, the acetic anhydride market was weak and lowered

According to the data monitoring of the business community, the price of acetic anhydride fell weakly on August 17, and the market of acetic anhydride fell. On August 17, the price of acetic anhydride was 5866.67 yuan / ton, down 1.12% from 5933.33 yuan / ton on the previous trading day. The price of some acetic anhydride enterprises fell below 5500 yuan / ton, and the overall market of acetic anhydride fell weakly.

Key points of analysis

The price of acetic acid is weak and falling, the price of methanol is weak and stable, the cost of raw materials of acetic anhydride is weak and falling, the start-up of acetic acid enterprises is low and stable, the supply of acetic acid is stable, the cost of acetic anhydride is reduced, the sales of acetic anhydride is poor, the downstream just needs to be purchased, the customer’s willingness to purchase is general, and the wait-and-see is the main factor. The pressure on the decline of acetic anhydride is increased, and the driving force.

Future forecast

The demand for cost reduction is poor, the pressure for acetic anhydride to fall is increased, and the rising power is weak. It is expected that the price of acetic anhydride will fall weakly in the future.

According to the survey data of the business association, the price of caustic soda is adjusted and operated. The overall shipment of the market is relatively stable, the operating load of downstream alumina enterprises is not high, the market wait-and-see mood is strong, and the demand continues to be weak. It is comprehensively predicted that the recent weak caustic soda price will be dominated by consolidation, and the specific demand of the downstream market will be seen.

On August 9, the price of acetic acid in East China was 3212.50 yuan / ton, down 4.10% from the previous working day. At the weekend, the price of acetic acid enterprises was significantly reduced. The market of acetic acid continued to operate in a weak manner, with sufficient supply in the field and limited downstream demand. In order to maintain the pace of shipment and make profit, the carriers actively shipped, the market center of gravity shifted downward, the supply and demand game in the field, and the short-term downstream demand was not likely to improve. The market support was weak. It is expected that the market of acetic acid will continue to operate in a weak, Pay specific attention to the market transactions.

During the week, the monomer price was stable, the supply of ethylene oxide was tight, and it was difficult for the market to fall in the short term. However, the continuous small drop of ethylene suppressed the market mentality. Monomer manufacturers are still in the market, the demand side still needs to be purchased, and the improvement power of monomer terminal demand is insufficient. It is still difficult to meet the demand for raw material ethylene oxide.

Forecast: weak demand and stable operation temporarily.

According to the nickel price monitoring of business agency, on the 11th, the average price of nickel spot market was 182166.67 yuan / ton, up 4.18% from the previous trading day and 29.17% year-on-year.

On the 11th, the nickel price rebounded at a low level. Recently, the nickel price has continued its low and wide fluctuation trend. The macro environment improved. The CPI of the United States dropped sharply to 8.5% in July. At the end of July, the quarter on quarter CPI rose by 0%, the expected increase was 0.2%, and the previous value rose by 1.2%. The expectation of 75 basis points interest rate hike dropped sharply, the US dollar fell sharply, non-ferrous metals rebounded generally, and LUNI nickel closed up 4.5% overnight. The production capacity of Indonesian nickel ore and ferronickel in the overseas market has increased rapidly. Recently, the profit window of refined nickel import has been continuously opened, and the domestic electrolytic nickel supply is expected to be loose. In July, the apparent consumption of domestic nickel rebounded compared with the previous period, and the domestic pure nickel inventory was in an absolute position. In addition, the recovery of overseas nickel mines eased the tight situation. Indonesian nickel iron, wet intermediate products and high matte nickel gradually flowed in, and the excess pressure on the supply side remained unchanged. Due to the implementation of production reduction in the downstream stainless steel, the high inventory has gone through certain decontamination, but the overall demand is still less than expected.

Forecast: the supply and demand of nickel tends to be loose, and it is expected that the nickel price will remain low and fluctuate widely.