Price trends:

The price of acetic anhydride has risen sharply this week, according to data from business associations. As of August 9, the average price quoted by acetic anhydride enterprises was 6666.67 yuan/ton, which was 6033.33 yuan/ton compared with that quoted by acetic anhydride earlier this week, with a price increase of 10.50%. The price of acetic anhydride fell by 7.33% compared with the same period last year.

II. Market analysis:

Product analysis:

This week, domestic acetic anhydride ex-factory quotations rose sharply, and market prices rose. As of July 31, most of the region’s ex-factory quotation is around 7000 yuan/ton, the actual transaction price has risen, the market quotation is the reference price, and the actual transaction price is based on actual negotiation. Hualu Hengsheng acetic anhydride equipment restart, Henan Ronghua chemical acetic anhydride stop, Huzhou acetic anhydride factory equipment overhaul, Jiachi chemical acetic anhydride equipment restart this weekend, Yankuang acetic anhydride equipment stop, expected to restart on August 15, the factory equipment start-up rate is low, stock is limited, downstream sales of acetic anhydride is general, downstream customers. Household purchasing on demand, next week with the end of the overhaul of acetic anhydride enterprises, equipment start-up rate gradually increased, acetic anhydride rising momentum weakened, starting in mid-late August acetic anhydride manufacturers gradually resumed operation, acetic anhydride falling pressure gradually increased.

Factor analysis of industrial chain:

As can be seen from the chart, the price of acetic acid has risen sharply this week, which gives ample impetus to the rise of acetic anhydride. This week, the overhaul of acetic acid enterprises increased, the start-up rate decreased significantly, the supply of acetic acid was scarce, and acetic acid had sufficient momentum to rise. As for methanol, the cost of raw materials for acetic acid has risen sharply in recent years, while the cost of acetic anhydride has risen. The pressure of future cost of acetic anhydride is greater, and the momentum of future increase of acetic anhydride is sufficient.

3. Future market forecast:

Bai Jiaxin, an analyst of acetic anhydride data from business associations, believes that the market of acetic anhydride continues to rise at a high level this week. On the supply side, Hualu Hengsheng acetic anhydride equipment has been restarted after overhaul, but Yankuang’s acetic anhydride equipment has begun to overhaul, the overall supply of acetic anhydride has decreased, and the supply of acetic anhydride is seriously inadequate; on the demand side, In terms of raw materials, the price of acetic acid and methanol rose, the cost of acetic anhydride increased, and the market of acetic anhydride declined more difficult in the future. Generally speaking, the supply of acetic anhydride will rise gradually next week, which will be bad for acetic anhydride. However, due to the rising price of raw materials, the cost of acetic anhydride will increase, and it is difficult for acetic anhydride to oversupply in the short term. The price of acetic anhydride will be maintained stable next week. From the end of the week, with the increase of supply of acetic anhydride, and the price of acetic acid and methanol Anhydride prices lost support, acetic anhydride prices fell mainly in the latter half of the year.