The high price of acetic anhydride fell in October

According to the data monitoring of business society, the price of acetic anhydride fell sharply in October. Due to the sharp decline in the price of raw materials in October, and the price of acetic anhydride hit a record high in the cycle on September 28, the price of acetic anhydride was falsely high in September, the price of acetic anhydride in October was at high risk, and the price of acetic anhydride fell in October. As of October 29, the price of acetic anhydride was 12500.00 yuan / ton, down 16.39% from 14950.00 yuan / ton at the beginning of the month (October 1). The price of acetic anhydride fell sharply in October, and the overall acetic anhydride market is still strong.

The market of raw material acetic acid fell sharply

According to the monitoring data of business society, the price of acetic acid plummeted in October, and the price of acetic acid plummeted all the way after the acetic acid commodity index hit a record high of 239.42 points in the cycle from September 27, 2021 (Note: the cycle refers to September 1, 2011 to now). As of October 29, the quotation of acetic acid was 6760 yuan / ton, down 24.38% from 8940 yuan / ton on October 1 at the beginning of the month; Compared with September 27, the price of acetic acid decreased by 25.30%. The price of acetic acid plummeted by a quarter in October, and the acetic acid Market weakened in October. As can be seen from the acetic acid price trend chart, the decline of acetic acid slowed down and showed an upward trend at the end of October. In the future, the price of acetic acid may be difficult to continue to decline.

Methanol prices rose first and then fell

According to the monitoring data of the business society, the methanol price first rose and then fell in October. Affected by the rise and fall of the price of power coal, the methanol price first rose and then fell in October, and the methanol price fell sharply in late October. Uncertain factors exist in future coal price, power supply and transportation, and the short-term domestic methanol market is mainly sorted out. Methanol has a certain negative impact on the price of acetic anhydride, and the downward pressure is limited.

Market overview and future forecast

According to the acetic anhydride data analyst of business agency, acetic anhydride fell sharply in October due to the sharp decline in the price of raw material acetic acid, but the price decline of acetic anhydride was limited due to the low start-up and limited inventory of acetic anhydride enterprises; With the national macro-control, the sharp decline in coal prices stimulated the downstream industrial chain to follow the decline, the prices of acetic acid and methanol fell sharply, and the price of acetic anhydride also fell sharply due to the continuous decline in the price of raw materials. By the end of October, the price of acetic acid had stabilized, and acetic acid enterprises had plans to stop production. There was great pressure on the future rise of acetic acid. Acetic anhydride enterprises also had plans to stop for maintenance in early November. The supply of low-level acetic anhydride decreased, and the pressure on the future rise of acetic anhydride increased. It is expected that the price of acetic anhydride will hit the bottom and rebound in the future, and the price of acetic anhydride will rise in shock.