The acetic anhydride market fell this week, according to business association data. As of April 26, the average price quoted by acetic anhydride enterprises was 5633.33 yuan/ton, which was 5666.67 yuan/ton compared with that quoted by acetic anhydride earlier this week. The price fell by 0.59%, and the price fell by 28.18% compared with that of acetic anhydride in the same period last year.
2. Market analysis:
The price of acetic anhydride was 5633.33 yuan/ton on April 26, but this week the price of acetic anhydride fell. On April 27, the acetic anhydride commodity index was 111.65, which was the same as yesterday. It was 32.63% lower than the cyclical peak of 165.73 points (2018-06-19), and 35.20% higher than the lowest point of 82.58 on September 20, 2016. (Note: Period refers to 2013-02-01 to date). As of April 26, most of the region’s ex-factory quotations were between 5500 and 5800 yuan/ton. The actual transaction price fell. The actual transaction price in Shandong was between 5500 and 5600 yuan/ton. The price fell. The market quotation was the reference price, and the actual transaction price was based on actual negotiation. Some manufacturers of acetic anhydride equipment overhaul, reduced startup rate, reduced supply of acetic anhydride, but the sale of acetic anhydride downstream is general, the market of acetic anhydride in the future is more bearish than favorable.
Factor analysis of industrial chain:
The price of acetic acid fell this week. As of April 26, the price of acetic acid was 2866.67 yuan/ton, which was 1.71% lower than the price of acetic acid at the beginning of this week. This week, the price of methanol fell sharply. As of April 26, the price of methanol was 2232.00 yuan/ton. This week, the price of methanol fell by 1.67%, and the cost of acetic anhydride fell, which had a negative impact on the market of acetic anhydride.
3. Future market forecast:
Bai Jiaxin, a data analyst for acetic anhydride in business associations, believes that the prices of acetic acid and methanol, raw materials for acetic anhydride, continued to fall this week, and the cost of acetic anhydride fell, which has a big negative impact on the market of acetic anhydride. Recent maintenance of acetic anhydride manufacturers, acetic anhydride equipment start-up decline, supply reduction, acetic anhydride market has a certain positive impact. Influenced by the explosion of Yancheng Chemical Plant, the demand of downstream customers has dropped dramatically, and the overall demand has been cold. The market of acetic anhydride is in a bad state. The May Day holiday is just around the corner. The production and stock-up of downstream customers has a certain stimulating effect on the demand, but the overall situation of insufficient demand is difficult to change. Overall, the price of acetic anhydride raw materials fell, the cost of acetic anhydride fell, the downstream market of acetic anhydride was general, the demand for acetic anhydride was negative, the short-term boost of May Day holiday could hardly change the shortage of demand. The overall market of acetic anhydride was more favorable than favorable, and the market of acetic anhydride was expected to remain stable before May Day.