Price trends:
The price of acetic anhydride has surged this week, according to data from business associations. As of June 21, the average price quoted by acetic anhydride enterprises was 4950.00 yuan/ton, which was 1.71% higher than the price quoted by acetic anhydride at the beginning of the week at 4866.67 yuan/ton, and 40.00% lower than the price of acetic anhydride in the same period last year.
| POLYVINYL ALCOHOL |
II. Market analysis:
Product analysis:
This week, domestic acetic anhydride factory quotations rose, market prices rose. As of June 21, most of the region’s ex-factory quotations were between 4750 and 4900 yuan/ton. The actual transaction price rose. The actual transaction price in Shandong was about 4800 yuan/ton. The price rose. The market quotation was the reference price. The actual transaction price was based on actual negotiation. Acetic anhydride manufacturers have higher equipment start-up rate, limited inventory, downstream customers are cautious in picking up goods, general sales of acetic anhydride downstream, and general momentum of acetic anhydride rise in the future.
| PVA |
Acetic anhydride raw material acetic acid price shocks fell this week, methanol price shocks rose. As of June 21, acetic acid quoted 2733.33 yuan/ton, down 83.34 yuan/ton, or 2.96 percent, compared with the price of acetic acid at the beginning of the week. This week, the price of methanol surged. As of June 21, the price of methanol was 2190.00 yuan/ton. This week, the price of methanol rose by 0.18%. The overall cost of acetic anhydride fell, which had a negative impact on the market of acetic anhydride. The momentum of acetic anhydride in the future was limited.
3. Future market forecast:
Bai Jiaxin, a data analyst for acetic anhydride in business associations, believes that this week acetic anhydride raw material acetic acid prices fell, methanol prices shocked up, acetic anhydride costs fell, acetic anhydride prices had limited momentum to rise, and pressure to fall was greater. But in recent years, acetic anhydride manufacturers have a high start-up rate, limited inventory, demand, recent downstream procurement on demand, procurement enthusiasm is general, acetic anhydride sales pressure is large, which has a great impact on the market of acetic anhydride. Generally speaking, acetic anhydride market is more bearish than bullish, acetic anhydride drop pressure is larger, but due to limited inventory, tight supply, acetic anhydride drop space is limited, it is expected that the future market of acetic anhydride weak shocks maintain stability.
| PVA 0599 (PVA BF05) |