Price trend
| Polyglutamic acid fertiliser grade |
According to the data monitoring of the business association, the price of acetic anhydride will rise sharply in 2020, and the market of acetic anhydride will keep rising. As of December 28, the average quoted price of acetic anhydride was 7500.00 yuan / ton, up 3000 yuan / ton or 66.67% from 4500.00 yuan / ton at the beginning of the year (January 1). The acetic anhydride market in 2020 is divided into three stages: the first stage: from January to may, the acetic anhydride price rises steadily with the support of demand; from June to October, the acetic anhydride market fluctuates and maintains stability; from November to December, the acetic anhydride price rises sharply with the support of raw materials.
Acetic anhydride rising stage supported by demand
It can be seen from the price trend chart of acetic anhydride from January to May that the price of acetic anhydride fluctuated and rose from January to May. The demand for acetic anhydride was less affected by the epidemic period, and the demand for acetic anhydride was relatively high because acetic anhydride was mostly used as raw materials for drug production. The price of acetic anhydride rose slightly from January to April. With the increase of equipment maintenance of acetic anhydride manufacturers in May, the price of acetic anhydride rose at the first peak. As of May 31, the price of acetic anhydride rose by 39.44% compared with the beginning of the year.
Shock adjustment stage
It can be seen from the price trend chart of acetic anhydride from June to October that the price of acetic anhydride fluctuated and adjusted from June to October. From June to October, acetic anhydride enterprises had equipment shutdown for many times, and the price of raw materials of acetic anhydride fluctuated and adjusted. The cost of acetic anhydride changed greatly, and acetic anhydride rose and fell sharply at this stage. However, the overall supply and demand of acetic anhydride is relatively stable, the parking time of equipment is short, and there are more inventory sales.
Raw materials support soaring stage
It can be seen from the price trend chart of acetic anhydride from November to December that the price of acetic anhydride rose sharply from November to December. This is the second surge in 2020, which is different from the surge caused by demand from January to May. The surge from November to December is mainly caused by the surge of raw material prices. From November to December, the prices of acetic acid and methanol rose sharply, the cost of acetic anhydride rose, and the price of acetic anhydride rose with each other.
Acetic acid price trend
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It can be seen from the acetic acid price trend chart that in the first three quarters of 2020, the acetic acid market fluctuated and stabilized; in the fourth quarter, the acetic acid price rose straight. Affected by the epidemic, the export of acetic acid declined seriously in the first three quarters, the domestic demand was relatively weak, and the price of acetic acid was relatively at a historical low; in the fourth quarter, with the expected improvement of demand and the high support of downstream construction, the establishment of RECP Free Trade Zone promoted the export, and the future demand was expected to rise.
Methanol price trend
It can be seen from the methanol price trend chart that the methanol price rose sharply from November to December, the raw material price of acetic anhydride rose, the cost of acetic anhydride rose, and the driving force of acetic anhydride rise increased.
Market summary and future forecast
Bai Jiaxin, an acetic anhydride data analyst of business news agency, believes that the rising market of acetic anhydride in 2020 is closely related to the particularity of acetic anhydride products and the relatively stable demand of downstream customers. The downstream customers of acetic anhydride are mostly used for pharmaceutical and cellulose acetate products. The demand for these products is relatively stable. The change of acetic anhydride price mainly depends on the operating rate of acetic anhydride enterprises and the price of raw materials. During the epidemic period, the demand for acetic anhydride increased slightly compared with previous years, which led to the rise of acetic anhydride price, and then the shutdown and maintenance of acetic anhydride enterprises led to the sharp rise of acetic anhydride price; after that, the fluctuation adjustment of acetic anhydride price was also caused by the start-up of equipment and the change of raw material price of acetic anhydride enterprises; from November to December, the price of acetic acid and methanol rose sharply, the raw material price of acetic anhydride rose sharply, and the cost of acetic anhydride rose, which led to the rise of acetic anhydride price The price is soaring again.
In the future, acetic acid and methanol prices were relatively stable and had a slight decline at the end of December, raw material cost of acetic anhydride decreased, support for acetic anhydride rise was insufficient, start-up of acetic anhydride enterprises was stable, demand was stable, power of acetic anhydride rise was limited in the short term, and acetic anhydride price fluctuated and fell in the short term.
| Polyglutamic acid |