Acetic anhydride prices rose sharply in May

According to the monitoring data of the business club, the price of acetic anhydride rose sharply in May, and the market of acetic anhydride rose strongly. As of May 30, the price of acetic anhydride was 8550.00 yuan / ton, up 14.96% from 7437.50 yuan / ton on May 1 at the beginning of the month. The price of acetic anhydride rose violently, and the market of acetic anhydride recovered in May.

The price of raw material acetic acid rose sharply in May

It can be seen from the statistical data of business association that the correlation coefficient between acetic anhydride and acetic acid is 0.958 from May 2021 to April 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 rose violently in May. As of May 30, the price of acetic acid was 5330 yuan / ton, up 25.12% from 4260 yuan / ton on May 1 at the beginning of the month; Some acetic acid enterprises have stopped production for maintenance, the operating rate of acetic acid enterprises has decreased, the supply of acetic acid has decreased, the equipment of American acetic acid enterprises has stopped due to failure, the export of acetic acid has increased, the driving force for the rise of acetic acid is greater, the cost of acetic anhydride has risen, and the driving force for the rise of acetic anhydride is greater.

Methanol price fell slightly in May

It can be seen from the methanol price trend chart of the business club that in May, the methanol price fluctuated and fell. As of May 30, the methanol price was 2625 yuan / ton, down 4.37% from 2745 yuan / ton on May 1 at the beginning of the month. In May, the methanol price fluctuated and fell, the raw material cost of acetic anhydride decreased, and the downward pressure of acetic anhydride was still weak.

Outlook

According to the acetic anhydride data analyst of business agency, the raw material methanol fell violently in May, the price of acetic acid rose sharply, and the cost of acetic anhydride rose; In May, many acetic acid enterprises stopped production for maintenance, the supply of acetic acid decreased, the export of acetic acid increased, the price of acetic acid rose, the cost of acetic anhydride rose, and the power of acetic anhydride rose. Generally speaking, the price of acetic anhydride raw materials will rise in the future, and it is expected that the price of acetic anhydride will rise strongly in the future.