Acetic Anhydride Prices Rose in January
According to the Commodity Market Analysis System of Shengyishe, as of January 29, the price of acetic anhydride was 4,590 yuan/ton, an increase of 315 yuan/ton or 7.37% compared to the price of 4,275 yuan/ton on January 1. The acetic anhydride market performed strongly in January. The overall price of upstream acetic acid rose, providing strong cost support for acetic anhydride. On the supply side, some acetic anhydride manufacturers halted production for maintenance, reducing market supply. Downstream operations remained stable, with purchases made on demand, and market trading activity was favorable. Acetic anhydride manufacturers maintained a bullish sentiment, and with favorable fundamental support, acetic anhydride prices rose strongly.
Acetic Acid Market Rose First and Then Fell in January
According to the Acetic Acid Commodity Market Analysis System of Shengyishe, as of January 29, the price of acetic acid was 2,830 yuan/ton, representing an overall increase of 2.91% compared to the price of 2,750 yuan/ton at the beginning of the month. In the first and middle ten days of the month, the fundamentals of acetic acid provided strong support, driving continuous price increases. In the latter ten days, capacity utilization improved, enterprise inventories rose, and market sentiment weakened, leading to a downward shift in acetic acid prices. Overall, the acetic acid market remained relatively strong during the month, providing favorable support for the downstream acetic anhydride market.
Outlook
Shengyishe acetic acid analysts believe that, in terms of raw materials, the acetic acid market is expected to consolidate weakly, reducing cost support for acetic anhydride. On the supply side, the recovery of acetic anhydride maintenance units is slow, which will continue to provide some support for prices. Downstream demand remains stable, and market trading activity is acceptable. Looking ahead, influenced by cost factors, the acetic anhydride market may experience a narrow decline, with specific attention to changes in upstream prices.
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