Recently, the price of acetic anhydride has been running strongly
According to the Commodity Market Analysis System of Shengyi Society, as of January 20th, the price of acetic anhydride was 4622.50 yuan/ton, an increase of 7.31% compared to the price of 4307.50 yuan/ton on January 11th. In mid January, the price of acetic acid continued to rise, with strong cost support for acetic anhydride. The recovery of acetic anhydride maintenance equipment on the supply side was slow, and the market supply was tight. The manufacturer’s quotation increased significantly, and downstream demand remained stable. The support for acetic anhydride was optimistic, and the price of acetic anhydride rose strongly.
Acetic acid market continues to rise
According to the Business Society Acetic Acid Commodity Market Analysis System, from January 11th to 20th, the price of acetic acid increased from 2806.67 yuan/ton to 2903.33 yuan/ton, an increase of 3.444%. The concentrated maintenance or load reduction of acetic acid plants has led to a decrease in market supply, low inventory from manufacturers, strong intention to raise prices, stable downstream demand support, and optimistic market sentiment. Acetic acid prices continue to rise, and the cost side provides favorable support for acetic anhydride.
outlook for the future market
The acetic acid analyst from Shengyi Society believes that the price of raw material acetic acid is relatively strong, and the market sentiment of acetic anhydride is optimistic. There is not much pressure on the acetic anhydride market on the supply side, and manufacturers’ quotations remain high and firm. Downstream demand follows suit, and the overall fundamentals of acetic anhydride are improving. It is expected that the acetic anhydride market will continue to operate strongly in the later stage, and specific attention will be paid to changes in the upstream market.