Acetic anhydride price rose first and then fell in October
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According to the data monitoring of the business community, the price of acetic anhydride rose first and then fell in October, but the rise of acetic anhydride was not lasting, and the price of acetic anhydride fell quickly after a short rise. As of October 28, the price of acetic anhydride was 5750 yuan/ton, down 6.25% from 6133.33 yuan/ton on October 13, and up 1.47% from 5666.67 yuan/ton on October 1; Affected by the post holiday replenishment, the price of raw material acetic acid soared, the price of methanol soared, the cost of acetic anhydride rose, and the price of acetic anhydride rose; At the end of the replenishment, the price of methanol plummeted, the price of acetic acid fell, the rise of acetic anhydride was not supported enough, and the price of acetic anhydride fell.
Acetic acid price rose first and then fell in October
It can be seen from the trend chart of acetic acid price of the business community that the price of acetic acid rose first and then fell in October, and the price of acetic acid rose briefly and then fell rapidly. As of October 28, the price of acetic acid was 3442.50 yuan/ton, down 8.75% from the monthly highest price of 3772.50 yuan/ton on October 13; The price of acetic acid increased by 3.92% from 3312.50 yuan/ton on October 1. The post holiday replenishment and the maintenance of acetic acid enterprises had a double impact. The price of acetic acid rose sharply, up to nearly 14%. With the completion of the replenishment and the resumption of the construction of acetic acid enterprises in the middle of the year, the price of acetic acid fell sharply. As the price of acetic acid approached the cost line, the downward space for the price of acetic acid decreased, and the price of acetic acid in the future was weak and stable.
Methanol prices fell sharply after a brief rise in October
It can be seen from the trend chart of methanol price of the business community that methanol fell sharply after a short rise in October. As of October 28, the price of methanol was 2790 yuan/ton, down 14.07% from 3246.67 yuan/ton on October 8. In October, the price of natural gas, the raw material of methanol, fell sharply, the cost of methanol fell, the price of methanol fell with it, the cost of acetic acid and acetic anhydride downstream of methanol fell, and the downward pressure of acetic acid and acetic anhydride downstream increased.
Future outlook
According to the acetic anhydride data analysts of the business community, the price of acetic anhydride rose briefly in October and then fell rapidly. The high price of acetic anhydride was difficult to last for two reasons: the prices of upstream raw materials methanol and acetic acid rose first and then fell, and the cost of acetic anhydride was not supported enough; Downstream acetic anhydride demand remains weak, and downstream support is insufficient. In general, the demand for cost reduction is weak, and the support for acetic anhydride growth is insufficient. It is expected that acetic anhydride prices will fall in a weak and volatile way in the future.
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