Acetic anhydride prices plummeted
According to the data monitoring of the business agency, the cost of raw materials fell and the price of acetic anhydride fell sharply in July. As of July 12, the price of acetic anhydride was 11300.00 yuan / ton, down 7.12% compared with the price of 12166.67 yuan / ton on July 1.
Raw material cost decrease
From the trend chart of acetic acid price, the acetic acid price fell sharply in July, down 13%, the cost of acetic anhydride decreased, and the driving force of acetic anhydride rise weakened and the pressure of decline increased.
From the trend chart of methanol price, methanol price fell slightly in July, the cost of acetic anhydride decreased, the pressure of acetic anhydride decline increased, and the price of acetic anhydride in the future declined.
Market overview and future market forecast
Bai Jiaxin, an analyst with acetic anhydride data from the business agency, said that in July, the price of acetic acid fell, methanol price fell, the overall cost of acetic anhydride decreased, and the pressure on the decline of acetic anhydride price increased. In the later market, the starting rate of acetic acid enterprises increased, the supply of acetic acid was sufficient, the market price was expected to fall after acetic acid, the pressure on the decline of the cost of acetic anhydride increased, and the market of acetic anhydride in the later market was expected to decline.
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