Acetic anhydride prices fell sharply this week

According to the monitoring data of the business club, the price of acetic anhydride fell sharply this week, and the market of acetic anhydride fell. As of June 19, the price of acetic anhydride was 7700.00 yuan / ton, down 9.94% from 8550 yuan / ton on June 12 last week. The price of acetic acid fell sharply, the raw material cost of acetic anhydride fell, and the market of acetic anhydride fell sharply.

The price of raw material acetic acid fell at a high level

It can be seen from the statistical data of business association that the correlation coefficient between acetic anhydride and acetic acid is 0.967 from June 2021 to may 2022, and acetic anhydride and acetic acid are highly positively correlated. It can be seen from the trend chart of acetic acid price of business club that the price of acetic acid fell sharply this week, and the market of acetic acid fell sharply this week. As of June 19, the price of acetic acid was 4150 yuan / ton, down 21.40% from 5280 yuan / ton on June 12 last week. This week, acetic acid enterprises started their business one after another. In the off-season of the market, the supply of acetic acid increased, the demand declined, the momentum of acetic acid rising weakened, and the downward pressure increased. The cost of acetic anhydride decreased, and the downward pressure on acetic anhydride increased.

Methanol price stopped rising and fell back

As can be seen from the methanol price trend chart of the business club, the methanol price stopped rising and fell this week, and the methanol market stabilized. As of June 19, the methanol price was 2712.5 yuan / ton, up 2.07% from the methanol price of 2657.5 yuan / ton on June 12 last week, and down 0.09% from the high methanol price of 27155 yuan / ton on June 16 at the beginning of the week. This week, the price of methanol stopped rising and fell, the cost of raw materials for acetic anhydride fell, the driving force for the rise of acetic anhydride weakened, and the downward pressure increased.

Outlook

According to the acetic anhydride data analyst of business agency, the high price of raw material methanol fell this week, the price of acetic acid fell sharply, and the cost of acetic anhydride fell sharply; This week, acetic acid enterprises resumed operation, the supply of acetic acid increased, the demand was insufficient, the price of acetic acid fell, and the cost of acetic anhydride fell sharply. In general, the price of acetic anhydride raw materials fell sharply, and it is expected that the price of acetic anhydride will fall sharply in the future.