SunSirs: Cost Support Was Strong, and Acetic Anhydride Significantly Increased

The price of acetic anhydride increased significantly in August

According to the Commodity Market Analysis System of SunSirs, as of August 29th, the price of acetic anhydride was 5,782.50 RMB/ton, an increase of 12.83% compared to the price of 5,125 RMB/ton on August 1st. The price of raw material acetic acid continued to skyrocket, supported by the rising cost of acetic anhydride, in August, the price of acetic anhydride increased significantly.

Acetic acid prices continued to skyrocket in August

According to the market analysis system of acetic acid products in SunSirs, as of August 29th, the price of acetic acid was 3,983.33 RMB/ton, an increase of 29.89% compared to August 1st, which was 3,066.67 RMB/ton. At the beginning of the month, Yankuang Lunan and Jiangsu Sopu units unexpectedly malfunctioned and shut down for a short time. Downstream follow-up was good, and the quotation of acetic acid manufacturers increased. Afterwards, Tianjin Soda Plant reduced its load and reduced its capacity utilization rate. At the same time, the factory's inventory was not high and mainly executed long-term contracts. The market supply was tight, and holders were reluctant to sell, leading to a significant increase in acetic acid prices. The cost of acetic anhydride strongly supported, and the support for the rise of acetic anhydride was great.

Methanol prices fluctuated and rose in August

According to the methanol commodity market analysis system of SunSirs, as of August 29th, the methanol price was 2,451.67 RMB/ton, an increase of 4.07% compared to August 1st, when the methanol price was 2,355.83 RMB/ton. Some methanol enterprises reduced production through maintenance, while others had resumed operations. Overall, the supply of methanol enterprises had recovered more than the loss, and there was little change in supply. Short-term cost support was limited, methanol orders significantly increased. The market transaction atmosphere was high, and methanol demand was increasing. It is expected that methanol will rise in the future.

Market outlook

acetic anhydride data Analysts from SunSirs believe that in terms of demand, there was no substantial improvement in downstream demand for acetic anhydride in August, and the trading atmosphere on the market remained light, with no significant positive support on the demand side; In terms of inventory, the manufacturer's inventory was low, and acetic anhydride had no inventory pressure; In terms of cost, the continuous surge in cost side acetic acid in August had put costs pressure on acetic anhydride manufacturers, resulting in losses. Driven by profits, acetic anhydride manufacturers had a strong willingness to raise prices. Overall, with weak supply and demand in the acetic anhydride market and strong cost support, it is expected that the price of acetic anhydride will fluctuate and rise in the future.

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