After the festival, the price of acetic anhydride rose by 400 yuan/ton

According to the data monitoring of the business association, the price of acetic anhydride rose sharply in October. As of October 10, the price of acetic anhydride was 6066.67 yuan/ton, up 400 yuan/ton or 7.06% from 5666.67 yuan/ton on October 1; After the festival, the price of acetic acid, the raw material, rose sharply, and the price of methanol rose sharply. The growth of methanol and acetic acid in the acetic anhydride industry chain was significantly higher than that of acetic anhydride. The market of acetic anhydride rose sharply, but it was still the younger brother of the acetic anhydride industry chain.

The price of acetic acid soared after the festival

It can be seen from the trend chart of acetic acid price of the business community that after the festival, the price of acetic acid continued to rise sharply in late September. As of October 10, the price of acetic acid was 3735 yuan/ton, up 12.75% from 3312.50 yuan/ton on October 1 at the beginning of the month; It was up 20% from 3112.50 yuan/ton on September 25. Since late September, the price of acetic acid has risen 600 yuan/ton, and some manufacturers have risen 800 yuan/ton. The sharp rise in the price of acetic acid is good for acetic anhydride.

Methanol price rises after the festival

It can be seen from the methanol price trend chart of the business community that the price of methanol has been rising continuously since September, and methanol has witnessed a new wave of rise since September 25. As of October 10, the price of methanol was 3060 yuan/ton, up 350 yuan/ton or 12.92% from 2710 yuan/ton on September 25 at the beginning of the month; Compared with the methanol price of 2528 yuan/ton on September 1, the price of methanol increased by 500 yuan/ton, or 21.04%. The price of methanol continued to rise, the cost of downstream acetic anhydride raw materials rose, and acetic anhydride gained momentum.

Future outlook

According to the acetic anhydride data analysts of the business community, although the sales of acetic anhydride remained indifferent, the upstream methanol and acetic acid prices soared, the cost of acetic anhydride raw materials continued to rise, and the price of acetic anhydride was close to the cost line. The lower profits of manufacturers were bound to transmit to the downstream, and the upward momentum of acetic anhydride prices increased. It is expected that the price of acetic anhydride will rise sharply in the future.