The price of acetic anhydride stopped falling and recovered this week

According to the data monitoring of business society, the price of acetic anhydride stopped falling and warmed up this week, and the acetic anhydride market adjusted strongly. As of May 20, the price of acetic anhydride was 8475.00 yuan / ton, down 0.59% from 8525 yuan / ton on May 13 last weekend, and up 0.30% from 8450 yuan / ton on May 19; The price of acetic anhydride increased by 13.95% from 7437.50 yuan / ton on May 1 at the beginning of the month. The price of acetic anhydride stopped falling and rose, and the market of acetic anhydride picked up this week.

The price of raw material acetic acid fluctuated and rose

It can be seen from the correlation statistics of business society that the correlation coefficient between acetic anhydride and acetic acid from May 2021 to April 2022 is 0.958, and acetic anhydride and acetic acid are highly positively correlated. It can be seen from the price trend chart of acetic acid in business society that the price of acetic acid stopped falling and rose this week, and the price of acetic acid fell slightly by 0.20% this week; On May 20, the price of acetic acid increased by 0.20% compared with that on May 18. Some acetic acid enterprises stopped production for maintenance, the operating rate of acetic acid enterprises decreased, the supply of acetic acid decreased, the driving force for the rise of acetic acid was large, the cost of acetic anhydride increased, and the driving force for the rise of acetic anhydride was large.

The price of raw material methanol fell after rising

As can be seen from the methanol price trend chart of the business club, the methanol price fell after rising this week, and the overall methanol price fluctuated and stabilized. As of May 20, the methanol price was 2665 yuan / ton, up 0.85% from the methanol price of 2642.50 yuan / ton on May 13, and down 0.19% from the methanol price on May 18; Compared with May 1 at the beginning of the month, the price of methanol fell by 2745 yuan / ton, down 2.91%. This week, the price of methanol fluctuated and adjusted, the cost of acetic anhydride rose, and the downward pressure of acetic anhydride still remained, with great upward momentum.

Outlook

Analysts of acetic anhydride data of business society believe that the raw material methanol is subject to shock adjustment, the rise of acetic acid price is blocked, and the cost of acetic anhydride is stabilizing; This week, acetic acid enterprises stopped production for more maintenance, the supply of acetic acid decreased, the driving force of acetic acid rise was large, the cost of acetic anhydride rose, and the driving force of acetic anhydride rise was large. Generally speaking, the price of acetic anhydride raw materials will be adjusted strongly in the future, and it is expected that the price of acetic anhydride will be adjusted strongly in the future.