Acetic anhydride prices rose first and then fell in July
According to the Commodity Market Analysis System of SunSirs, as of July 28th, the price of acetic anhydride was 5,087.50 RMB/ton, an increase of 1.75% compared to the price of 5,000 RMB/ton on July 1st at the beginning of the month. The price of raw material acetic acid rose first and then fell, the cost of acetic anhydride decreased. Acetic anhydride manufacturers started operating steadily, and the supply of acetic anhydride was sufficient. The price of acetic anhydride rose first and then fell.
Acetic acid prices rose first and then fell in July
According to the market analysis system of acetic acid products in SunSirs, as of July 28th, the price of acetic acid was 3,100 RMB/ton, an increase of 7.51% compared to July 1st, when the price of acetic acid was 2,883.33 RMB/ton. At the beginning of July, acetic acid companies had a lot of parking, leading to a significant increase in acetic acid prices. As acetic acid companies resumed operations, the supply of acetic acid increased and demand remained weak. The supply of acetic acid was surplus, resulting in a decrease in acetic acid prices. The price of acetic acid stopped rising and fell, the cost of acetic anhydride had decreased, and the downward pressure on acetic anhydride had increased.
Methanol prices rose first and then fell in July
According to the methanol commodity market analysis system of SunSirs, as of July 28th, the price of methanol was 2,281.67 RMB/ton, an increase of 4.66% compared to the methanol price of 2,180 RMB/ton on July 1st. The rise in coal prices supported the methanol prices volatile and rise in July. With the resumption of methanol plant construction, the increase in domestic supply exceeded the increase in demand, market mentality was weaker. Downstream consumers had a resistance towards high prices, and methanol prices stopped rising and fell. The prices of raw materials fell, the cost of acetic anhydride decreased, and the support for the rise of acetic anhydride was insufficient. The downward pressure had increased.
Market outlook
Acetic Anhydride Data Analysts from SunSirs believe that in early July, methanol and acetic acid companies had more parking and insufficient supply, leading to a significant increase in methanol and acetic acid prices. As methanol and acetic acid companies resumed operations, supply increased, while the demand side remained relatively stable. The prices of methanol and acetic acid stopped rising and fell, and the cost of acetic anhydride decreased. The downward pressure on acetic anhydride in the future increased. Overall, the cost of acetic anhydride had decreased and the supply was sufficient. It is expected that the price of acetic anhydride will fluctuate and fall in the future.
