I. price trend:
According to the monitoring data of business agency, acetic anhydride market fell sharply in November. As of November 30, the average price of acetic anhydride enterprises was 4750.00 yuan / ton, down 625.00 yuan / ton, or 11.63% compared with 5375.00 yuan / ton at the beginning of the month, and down 31.82% compared with the same period last year.
II. Market analysis:
It can be seen from the figure that the price of acetic anhydride fell for three consecutive months. In November, the market of acetic anhydride was weak and obvious. The demand for acetic anhydride was limited. In terms of supply, the operating rate of acetic anhydride manufacturers was maintained, the supply of acetic anhydride was stable, and the downstream procurement enthusiasm was general. Customers purchased on demand. The overall market of acetic anhydride was bearish, and the downward pressure on the market of acetic anhydride remained, and the upward momentum was insufficient. As of the end of November, the actual transaction price of acetic anhydride fell to about 4500 yuan / ton. The actual transaction price of acetic anhydride fell sharply, and the market of acetic anhydride was negative.
Industry chain factor analysis:
It can be seen from the figure that in November, the price of acetic acid and methanol both fell, the cost of acetic anhydride fell sharply, and the pressure of acetic anhydride falling increased. In terms of demand, the demand for acetic anhydride is general, and customers purchase on demand. And with the state’s control and transportation restrictions on acetic anhydride and other precursor products, the customer’s inventory and stock are limited, and the overall demand for acetic anhydride is weakened.
3. Future forecast:
According to Bai Jiaxin, an analyst of acetic anhydride data in the business association, acetic anhydride raw materials, acetic acid and methanol, fell in November, the cost of acetic anhydride fell, and the market of acetic anhydride was negative; for downstream customers, the demand for acetic anhydride was general, while downstream customers purchased on demand, and the demand for acetic anhydride was limited. On the whole, acetic anhydride fell under great pressure, and it is expected that the price of acetic anhydride will fluctuate slightly in the future.