The price of acetic anhydride was performing strongly recently
According to SunSirs' commodity price analysis system, as of January 20th, the price of acetic anhydride was 4,622.50 RMB/ton, a 7.31% increase compared to the price of 4,307.50 RMB/ton on January 11th. In mid-January, acetic acid prices continued to rise, providing strong cost support for acetic anhydride. The slow recovery of maintenance-affected acetic anhydride production facilities led to tight market supply. Manufacturers significantly increased their quoted prices, while downstream demand remained relatively stable, providing steady support for acetic anhydride prices. Industry sentiment was positive, leading to a strong upward trend in acetic anhydride prices.
The acetic acid market continued to rise
According to the business data analysis system of SunSirs, from January 11th to 20th, the price of acetic acid increased from 2,806.67 RMB/ton to 2,903.33 RMB/ton, a rise of 3.444%. The concentrated maintenance or reduced production of acetic acid plants led to a decrease in market supply, resulting in low inventories for manufacturers and a strong intention to maintain high prices. Stable downstream demand and positive market sentiment contributed to the continued rise in acetic acid prices, providing favorable support for acetic anhydride prices from the cost side..
Market outlook
According to SunSirs’ acetic acid analyst, the price of raw material acetic acid was strong, and market sentiment for acetic anhydride was optimistic. Supply-side pressure on the acetic anhydride market ws not significant, and manufacturers' quotations remained firm at high levels. Downstream buyers were purchasing on an as-needed basis. The overall fundamentals of the acetic anhydride market were positive, and it is expected that the acetic anhydride market will continue its stronger performance in the future. Further developments will depend on changes in upstream market conditions.
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