Acetic anhydride prices fell in September due to volatility

According to the data monitoring of the business association, the price of acetic anhydride fell in September. As of September 29, the price of acetic anhydride was 5600 yuan/ton, down 5.62% from 5933.33 yuan/ton on September 1; In September, the price of raw material acetic acid was volatile and stable, the price of methanol rose sharply, the demand for acetic anhydride was cold, the market for acetic anhydride fell, and the market of acetic anhydride industry chain was split.

Acetic acid price fell first and then rose in September

It can be seen from the acetic acid price trend chart of the business community that the acetic acid market in September was divided into three stages. In the first stage, in the first ten days of September, the supply and demand of the acetic acid market were weak, and the acetic acid price was volatile and consolidated; In the second stage, from the middle of September to September 24, Celanese acetic acid equipment resumed operation, and the price of acetic acid fell sharply; In the third stage, from September 25 to the end of September, near the National Day, enterprises’ willingness to stock up before the festival increased, and the price of acetic acid increased. As of September 29, the price of acetic acid was 3225 yuan/ton, down 0.31% from 3235 yuan/ton on September 1 at the beginning of the month; It was 3.61% higher than 3112.50 yuan/ton on September 25. The demand for acetic acid in the future market is limited, and the acetic acid market is not bullish. It is expected that the price of acetic acid will fluctuate and consolidate, and acetic anhydride will not be supported enough.

Methanol price soared in September

It can be seen from the methanol price trend chart of the business community that as of September 29, the methanol price was 3042.50 yuan/ton, up 20.35% from 2528 yuan/ton on September 1 at the beginning of the month. In September, the demand for methanol from downstream enterprises increased. In addition, the coal price was high and firm, and the methanol price rose. At the end of the month, the National Day goods preparation and the problem of the Beixi pipeline in Europe led to the intensification of the energy crisis, and the methanol price rose sharply. The price of methanol rose, the cost of acetic anhydride raw materials rose, and acetic anhydride increased.

Future outlook

According to the acetic anhydride data analysts of the business community, although the prices of acetic anhydride raw materials, acetic acid and methanol, rose to varying degrees in September, the profit margins of acetic anhydride enterprises remained, and the impetus for acetic anhydride to rise was insufficient; In September, the acetic anhydride market remained flat. Yankuang’s acetic anhydride equipment was restarted, the acetic anhydride supply was sufficient, the downstream demand for acetic anhydride remained cold, the downstream purchasing sentiment was poor, and the acetic anhydride market was oversupplied. In the future, the rising cost of acetic anhydride may be difficult to sustain, and downstream demand remains weak. It is expected that acetic anhydride prices will recover slightly or consolidate strongly in the future.