Acetic anhydride prices rose first and then fell in July

According to the Commodity Market Analysis System of the Business Society, as of July 28th, the price of acetic anhydride was 5087.50 yuan/ton, an increase of 1.75% compared to the price of 5000 yuan/ton on July 1st at the beginning of the month. The price of raw material acetic acid rose first and then fell, while the cost of acetic anhydride decreased. Acetic anhydride manufacturers started operating steadily, and the supply of acetic anhydride was sufficient. The price of acetic anhydride rose first and then fell.

Acetic acid prices rose first and then fell in July

According to the market analysis system of acetic acid products in the Business Society, as of July 28th, the price of acetic acid was 3100 yuan/ton, an increase of 7.51% compared to July 1st, when the price of acetic acid was 2883.33 yuan/ton. At the beginning of July, acetic acid companies had a lot of parking, leading to a significant increase in acetic acid prices. As acetic acid companies resumed operations, the supply of acetic acid increased and demand remained weak. The supply of acetic acid was surplus, resulting in a decrease in acetic acid prices. The price of acetic acid has stopped rising and fallen, the cost of acetic anhydride has decreased, and the downward pressure on acetic anhydride has increased.

Methanol prices rose first and then fell in July

According to the methanol commodity market analysis system of the Business Society, as of July 28th, the price of methanol was 2281.67 yuan/ton, an increase of 4.66% compared to the methanol price of 2180 yuan/ton on July 1st. The rise in coal prices supported the volatile rise in methanol prices in July. With the resumption of methanol plant construction, the increase in domestic supply exceeded the increase in demand, resulting in a weak market mentality. Downstream consumers have a resistance towards high prices, and methanol prices have stopped rising and falling. The prices of raw materials have fallen, the cost of acetic anhydride has decreased, and the support for the rise of acetic anhydride is insufficient. The downward pressure has increased.

Future prospects

Analysts from Business Society’s Acetic Anhydride Data believe that in early July, methanol and acetic acid companies had more parking and insufficient supply, leading to a significant increase in methanol and acetic acid prices. As methanol and acetic acid companies resumed operations, supply increased, while the demand side remained relatively stable. The prices of methanol and acetic acid stopped rising and fell, and the cost of acetic anhydride decreased. The downward pressure on acetic anhydride in the future increased. Overall, the cost of acetic anhydride has decreased and the supply is sufficient. It is expected that the price of acetic anhydride will fluctuate and fall in the future.