SunSirs: The Price of Acetic Anhydride, Which Lost the Support of Raw Materials, Continued to Plummet

　　The price of acetic anhydride plummeted

　　According to the data monitoring of SunSirs, the cost of raw materials fell this week, and the price of acetic anhydride continued to plummet. As of July 19, the price of acetic anhydride was 9,825.00 RMB/ton, a decrease of 13.05% from the price of 11,300.00 RMB/ton on July 12 at the beginning of the week, and a decrease of 19.25% from the price of acetic anhydride on July 1, which was 12,166.67 RMB/ton.

　　Raw material costs fell

　　It can be seen from the acetic acid price chart that this week, the price of acetic acid continued the previous trend and the price plummeted. The price of acetic acid fell by 19% in July, and the price of acetic acid fell by 9% this week. The cost of acetic anhydride has fallen, the upward momentum of acetic anhydride has weakened, and the downward pressure has increased.

　　It can be seen from the methanol price chart that the methanol price first fell and then rose in July, and the overall methanol market in July stabilized. Methanol prices fluctuated up this week, and the cost of acetic anhydride rose slightly. The downward pressure on acetic anhydride weakened and the upward momentum still remained.

　　Market summary and outlook forecast

　　The acetic anhydride data analyst of SunSirs believes that the price of acetic anhydride continued its previous trend this week and continued to plummet. The cost of acetic anhydride fell, and the price of acetic anhydride plummeted. In the future, the price of methanol fluctuates, the cost of acetic acid rises; the enthusiasm of acetic acid companies to start operations has declined, the operating rate of acetic acid companies is expected to decline in the future. The supply of acetic acid is reduced, the price decline of acetic acid is expected to slow down and stabilize, the cost of acetic anhydride stabilizes and the downward pressure of acetic anhydride weakens. It is expected that the decline in the market outlook for acetic anhydride will slow down, and the price of acetic anhydride will fluctuate downward slightly.