Acetic anhydride prices fell in February
According to the Commodity Market Analysis System of Shengyi Society, as of February 28th, the price of acetic anhydride was 4540 yuan/ton, a decrease of 50 yuan/ton or 1.09% from the price of 4290 yuan/ton on February 1st.
The acetic anhydride market was strong and weak in February. On the supply side, there is currently no significant fluctuation in the acetic anhydride plant, and the operating rate is relatively stable; Downstream market entry is mainly based on demand, and the market trading atmosphere is average. Acetic anhydride is greatly affected by raw material prices. The overall price of acetic anhydride in the upstream has fallen, and the cost support for acetic anhydride has weakened. Acetic anhydride manufacturers have a bearish attitude, and acetic anhydride prices have weakly declined this month.
The acetic acid market fluctuated in February
According to the Business Society Acetic Acid Commodity Market Analysis System, as of February 28th, the price was 2796.67 yuan/ton, a decrease of 1.18% compared to the acetic acid price of 2830 yuan/ton at the beginning of the month. The operating rate of acetic acid is relatively high, the market supply is stable, and enterprises maintain a focus on shipments. After the holiday, downstream recovery is slow, market transactions are poor, and the supply and demand of acetic acid are weak, resulting in a lower price center. The overall weakness of the acetic acid market during the month has insufficient support for the downstream acetic anhydride market.
Future prospects
Business analysts believe that in terms of raw materials, the acetic acid market is consolidating weakly, and the cost of acetic anhydride is bearish; The acetic anhydride plant on the supply side has started operating steadily, and inventory levels have steadily increased; Downstream urgent follow-up is needed, and the market trading atmosphere is average. Looking at the future market, the acetic anhydride market will continue to operate weakly, and specific attention should be paid to changes in upstream prices.