The Fermentation of The Energy Crisis Has Triggered A Surge in Downstream Acetic Anhydride Prices

The price of acetic anhydride stopped falling and soared. As of March 11, the price of acetic anhydride was 8112.50 CNY/ton, an increase of 20.63% from the price of acetic anhydride on March 4, which was 6725 CNY/ton; an increase of 19.30% in March. The price of acetic anhydride has skyrocketed, and the price of acetic anhydride has risen.

The price of raw material acetic acid rose sharply

The correlation coefficient between acetic anhydride and acetic acid was 0.917, and acetic anhydride and acetic acid were highly positively correlated. It can be seen from the acetic acid price chart of the business community that the price of acetic acid rebounded and rose by 13.59%.

Raw material methanol prices rose sharply

The price of methanol rose sharply. On March 11, the price of methanol was 3142.50 CNY/ton, up from 2855 CNY/ton at the end of last week, an increase of 10.07%. The price of methanol increased, the cost of acetic anhydride increased, and the driving force for acetic anhydride increased.

Outlook

At the end of February, the conflict between Russia and Ukraine intensified, the energy crisis intensified, the price of methanol rose sharply, and the price of acetic acid and acetic anhydride followed. Costs stimulate the price of acetic anhydride to rise, but in terms of supply and demand, acetic anhydride manufacturers are operating at a relatively high level, and the overall supply is sufficient. With the easing of the conflict between Russia and Ukraine this week, the energy crisis is expected to be eased. In this context, the price of methanol has stabilized, the rising trend of the cost of acetic anhydride has slowed down, and the price of acetic anhydride has slowed down in the future. It is expected that the price of acetic anhydride will rise slightly. stable.