I. price trend:

According to the monitoring data of business agency, the price of acetic anhydride fell sharply this week. As of October 27, the average price of acetic anhydride quoted by enterprises was 5550.00 yuan / ton, down 150 yuan / ton, or 2.63% compared with 5700.00 yuan / ton quoted at the beginning of the week (October 21), and down 29.15% compared with the same period last year.

II. Market analysis:

Product analysis:

This week, the price of acetic acid, the raw material of acetic anhydride, fell sharply, while the price of methanol fell sharply. The demand for acetic anhydride is general, the operating rate of acetic anhydride manufacturers is maintained, the supply of acetic anhydride is stable, the downstream procurement enthusiasm is general, customers purchase on demand, the overall market of acetic anhydride is more negative than positive, and the market of acetic anhydride is under great pressure.

Industry chain factor analysis:

As can be seen from the figure, the price of acetic acid fell sharply this week, the price of raw materials for acetic anhydride fell sharply, the cost of acetic anhydride fell, and it was negative for acetic anhydride. The cost of acetic anhydride enterprises has dropped significantly, and the pressure of acetic anhydride market decline is great.

In terms of methanol, methanol fell sharply this week, the cost of acetic anhydride produced by methanol method fell, and the market of acetic anhydride in the future was negative. Overall, acetic anhydride raw materials were negative significantly, and it is expected that the downward pressure of acetic anhydride market will increase.

3. Future forecast:

According to Bai Jiaxin, an analyst of acetic anhydride data of business association, the price of raw materials for acetic anhydride fell sharply this week, the cost of acetic anhydride dropped significantly, and the power of acetic anhydride rising was insufficient; as for downstream customers, the demand for acetic anhydride was general, downstream customers purchased on demand, and the demand for acetic anhydride was limited, and the power of acetic anhydride rising was insufficient. On the whole, the pressure of acetic anhydride decline is increasing, and it is expected that the price of acetic anhydride will mainly fall in the future.