China’s domestic acetic anhydride market temporarily stabilized on October 11

According to the data monitoring of the business community, on October 11, the average price of acetic anhydride enterprises was 7750.00 yuan/ton, which was stable compared with the previous trading day.

The commercial price index of acetic anhydride on October 10 was 153.60, which was the same as yesterday. It was 7.32% lower than the highest point of 165.73 points (2018-06-19) in the cycle, which was 86.00% higher than the lowest point of 82.58 on September 20, 2016. (Note: Period refers to 2013-02-01 to date).

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On October 11, the domestic price of acetic anhydride was stable, and the market transaction price was temporarily stable. In most areas, the factory price is 7550-7950 yuan / ton, the actual transaction price is temporarily stable, the actual transaction price is about 7450-7600 yuan / ton, the market price is the reference price, the actual transaction price is subject to actual negotiation.

Recently, the price of raw material acetic acid has risen, and the price of raw material methanol has fluctuated. The overall cost of acetic anhydride manufacturers has risen, which is good for the price of acetic anhydride. Downstream customers are actively stocking up, and the demand for acetic anhydride is rising in the short term, which supports the price of acetic anhydride and forms a positive effect on acetic anhydride. Acetic anhydride manufacturers have lower stocks and are good for acetic anhydride.

Market outlook: In general, the rise in raw materials led to an increase in the price of acetic anhydride, and the enthusiasm of downstream customers for stocking was acceptable. The short-term demand was high, which formed a certain positive demand. The acetic anhydride manufacturers had lower stocks and the acetic anhydride was more favorable. However, because the price of acetic anhydride is at a historically high level, the pressure on downstream procurement costs is high, which limits the increase of acetic anhydride. It is expected that the price of acetic anhydride will rise slightly.

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