Acetic anhydride prices rise in January
According to the Commodity Market Analysis System of Shengyi Society, as of January 29th, the price of acetic anhydride was 4590 yuan/ton, an increase of 315 yuan/ton or 7.37% from the price of 4275 yuan/ton on January 1st.
The acetic anhydride market operated strongly in January. The overall price of upstream acetic acid has risen, with strong cost support for acetic anhydride; On the supply side, some manufacturers of acetic anhydride have stopped for maintenance, resulting in a decrease in market supply; Downstream production is stable, and entry into the market follows demand. The market trading atmosphere is good, and the mentality of acetic anhydride manufacturers is rising. With the support of favorable fundamentals, acetic anhydride prices have risen strongly.
The acetic acid market rose first and then fell in January
According to the Business Society Acetic Acid Commodity Market Analysis System, as of January 29th, the price was 2830 yuan/ton, an overall increase of 2.91% compared to the acetic acid price of 2750 yuan/ton at the beginning of the month. In the first half of the year, the fundamental support for acetic acid was strong, and the price trend continued to rise; In the latter half of the year, the utilization rate of production capacity increased, the inventory of enterprises rose, the market mentality weakened, and the center of gravity of acetic acid prices shifted downwards. The overall strength of the acetic acid market within the month provides favorable support for the downstream acetic anhydride market.
Future prospects
The acetic acid analyst from Shengyi Society believes that in terms of raw materials, the acetic acid market is weak and consolidating, and the cost support for acetic anhydride is weakened; On the supply side, the slow recovery of acetic anhydride maintenance equipment still provides some support for prices; Downstream demand is stable, and the market trading atmosphere is still acceptable. Looking at the future market, under the influence of the cost of acetic anhydride, the acetic anhydride market may experience a narrow downward trend, with specific attention paid to changes in upstream prices.