Acetic anhydride prices fell sharply in April

According to the data monitoring of business society, the price of acetic anhydride fell sharply in April, and the market of acetic anhydride fell. As of April 29, the price of acetic anhydride was 7437.50 yuan / ton, down 10.12% from 8275.00 yuan / ton on April 1 at the beginning of the month. The price of acetic anhydride of some manufacturers approached the 7000 yuan mark, and the price of acetic anhydride fell by 1000 yuan / ton in April.

The price of raw material acetic acid fluctuated and fell

It can be seen from the correlation statistics of business society that the correlation coefficient between acetic anhydride and acetic acid is 0.941, and acetic anhydride and acetic acid are highly positively correlated. As can be seen from the price trend chart of acetic acid in business society, the price of acetic acid fell sharply in April, and the price of acetic acid fell by 18.39%. Affected by control, the logistics and transportation were not smooth, the shipment of acetic acid manufacturers was blocked, the demand was weak, the high price of acetic acid fell, the cost of acetic anhydride fell, and the downward pressure of acetic anhydride increased.

The price of raw material methanol fluctuated and fell

As can be seen from the methanol price trend chart of business society, the methanol price fluctuated and adjusted in April, and the overall methanol price fell. As of April 29, the methanol price was 2745 yuan / ton, down 10.59% from 3070 yuan / ton on April 1 at the beginning of the month. At the end of the heating season, the high price of global energy market fell, and the high price of methanol fell. In April, the price of methanol fell sharply, the cost of acetic anhydride decreased, and the pressure of acetic anhydride decline was great.

Outlook

Analysts of acetic anhydride data of business society believe that the prices of raw materials methanol and acetic acid have fallen sharply, and the cost of acetic anhydride has decreased; Under the influence of management and control, acetic acid enterprises reduce negative production, acetic acid enterprises have difficulties in shipping, the downstream demand for acetic acid is weak, and the downward pressure of acetic acid is increased; The price of acetic anhydride raw materials continued to decline, the cost of acetic anhydride decreased, and the downward pressure of acetic anhydride increased. Generally speaking, the price of methanol and acetic acid, the raw materials of acetic anhydride in the future, has great downward pressure, the cost of acetic anhydride has decreased, and the downward pressure of acetic anhydride has increased. It is expected that the price of acetic anhydride in the future will fluctuate and fall.

According to the bulk data monitoring of business society, the price trend of acetic acid continued to decline in April. The average price of acetic acid at the beginning of the month was 5220 yuan / ton, the price at the end of the month was 4260 yuan / ton, and the price decreased by 960 yuan / ton within the month, a decrease of 18.39%, and the price decreased by 47.16% year-on-year.

As of April 29, the details of acetic acid market prices in various regions in China during the month are as follows:

Region, April 1, April 15, April 29th

South China, 5100 yuan / ton, 4900 yuan / ton, 4050 yuan / ton

North China, 4950 yuan / ton, 4800 yuan / ton, 3600 yuan / ton

Shandong Province, 5000 yuan / ton, 4900 yuan / ton, 3600 yuan / ton

Jiangsu Province, 5050 yuan / ton, 5000 yuan / ton, 3750 yuan / ton

Zhejiang Province, 5150 yuan / ton, 5100 yuan / ton, 3850 yuan / ton

In April, the acetic acid market was weak, the price trend of acetic acid in the first ten days was on the sidelines, and the maintenance manufacturers of acetic acid units in East China had not been restored. The supply of goods in the field remained rational, and the downstream purchase was followed up rationally. The operator’s mentality was mainly on the sidelines, and the overall price remained stable. In some regions, due to the accumulation of inventory, the quotation was slightly adjusted and reduced. In the middle and late ten days, the price trend of acetic acid continued to decline, Shanghai Huayi acetic acid plant resumed full load operation, the acetic acid plant of the main manufacturer in Shandong returned to normal operation, and the on-site supply increased. Affected by public health events, logistics and transportation were blocked, freight rates increased and some regions did not transport. The downstream demand weakened, the market supply accumulated, and the market mentality of buying up but not buying down, so the acetic acid market continued to operate weakly..

The downstream ethyl acetate Market was weak in April, and the quotation at the end of the month was 8200-8500 yuan / ton, mainly based on the sorting of the basic market. Affected by public health events, the operating rate of ethyl acetate in April was low, and some units mainly reduced the load. At the same time, due to the impact of logistics, some shipments were blocked, and the difficulty of market inquiry increased. In addition, in terms of downstream demand, the procurement between dealers and downstream factories was stable, and the preparation of goods before the festival restrained the reduction of ethyl acetate price to a certain extent.

Business analysts believe that at present, the domestic acetic acid market has sufficient supply, enterprise inventory accumulation, the impact of local prevention and control, Limited Logistics and transportation, weak downstream demand, the mentality of operators is stalemate and wait-and-see. From the perspective of supply and demand performance, the future market is weak.