Price trend
According to the business agency data monitoring, acetic anhydride prices rose in October, acetic anhydride market continued to rise. As of October 31, the average price of acetic anhydride was 5962.50 yuan / ton, which was 5.30% higher than 5662.50 yuan / ton at the beginning of the month (October 1), and 0.42% higher than that of last year.
Acetic acid price trend
It can be seen from the trend chart of acetic acid price that the price of acetic acid first fell and then rose in October. The overall market of acetic anhydride rose sharply in October, and the cost of acetic anhydride rose, and the driving force for the rise of acetic anhydride increased.
Methanol price trend
It can be seen from the methanol price trend chart that the methanol price rose first and then fell in October, and the methanol market weakened, with an increase of 5.13% in October. The cost of acetic anhydride rose, and the driving force for the rise of acetic anhydride was greater, which was good for the market of acetic anhydride.
Market review and future forecast
According to Bai Jiaxin, an analyst of acetic anhydride data from business club, the prices of acetic anhydride raw materials acetic acid and methanol rose in October, and the cost of acetic anhydride rose; at the end of October, the growth of acetic acid slowed down, the price of methanol fell, and the driving force of acetic anhydride rise weakened; Yankuang acetic anhydride equipment stopped at the end of the month, the equipment operating rate of acetic anhydride manufacturers decreased, the supply of acetic anhydride decreased, and the supply of acetic anhydride enterprises was insufficient. In general, the increase of acetic anhydride cost in October prompted the price of acetic anhydride to rise. At the end of the month, the price of raw materials fell, and the pressure of acetic anhydride decline increased. The shutdown of Yankuang equipment led to insufficient supply of acetic anhydride and increased pressure of acetic anhydride rise. The price of acetic anhydride is expected to rise in the future.
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