Recently, the price of acetic anhydride has been operating weakly. According to the commodity market analysis system of Business Society, as of January 28, the price of acetic anhydride was 4,590.00 yuan per ton, a decrease of 0.70% compared to the price of 4,622.50 yuan per ton on January 21. In the recent period (January 21-28), the price of acetic acid has been weak and declining, with raw material prices falling, weakening the cost support for acetic anhydride. On the supply side, acetic anhydride maintenance units are in the process of resuming operations, and market sentiment is mainly cautious. On the demand side, purchasing sentiment is not high, providing only moderate support for acetic anhydride. The overall market fundamentals are weak, leading to a narrow decline in acetic anhydride prices.
The acetic acid market has been consolidating and declining. According to the acetic acid commodity market analysis system of Business Society, from January 21 to 28, the price of acetic acid fell from 2,903.33 yuan per ton to 2,873.33 yuan per ton, a decrease of 1.03%. The operating rate of acetic acid plants has slightly increased, leading to a rise in market supply. Downstream purchasing is moderate, and manufacturer inventories have increased. Market sentiment is weak, resulting in a decline in acetic acid prices, which has had a negative impact on the cost side for acetic anhydride.
Future Outlook: According to Business Society's acetic acid analyst, raw material acetic acid prices have retreated, and market sentiment for acetic anhydride is poor. On the supply side, acetic anhydride inventory pressure is manageable, but downstream demand is limited. The fundamentals for acetic anhydride have weakened, and it is expected that acetic anhydride prices will continue to operate weakly in the near term. Close attention should be paid to changes in upstream market conditions.
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