SunSirs: Acetic Acid Continued to Rise, and Acetic Anhydride Had Skyrocketed This Week
September 12 2023 10:32:24 SunSirs (John)
Acetic anhydride prices continued to rise this week
According to the Commodity Market Analysis System of SunSirs, as of September 11th, the price of acetic anhydride was 7,095.00 RMB/ton, a significant increase of 14.30% compared to the price of 6,207.50 RMB/ton on September 4th; The price of acetic anhydride had significantly increased by 15.70% compared to 6,132.50 RMB/ton on September 1st. The price of raw material acetic acid continued to rise, the cost of acetic anhydride had risen, the production of acetic anhydride manufacturers was stable, the supply of acetic anhydride was tight, and the raw material acetic acid was constantly rising. This week, the price of acetic anhydride had skyrocketed.
Acetic acid prices continued to skyrocket this week
According to the market analysis system of acetic acid products in SunSirs, as of September 11th, the price of acetic acid was 4,516.67 RMB/ton, an increase of 11.07% compared to September 1st, which was 4,066.67 RMB/ton. Acetic acid enterprises were operating at a low level, with a tight supply of acetic acid. Downstream procurement was active, and acetic acid manufacturers had a strong willingness to increase prices, resulting in a sharp rise in acetic acid prices; The cost of acetic anhydride had increased, and the upward momentum for acetic anhydride had increased.
Market outlook
Acetic Anhydride Data Analysts from SunSirs believe that in terms of raw materials, the supply of acetic acid was tight and demand was rebounding, acetic acid prices sharply rose; In terms of supply, acetic anhydride manufacturers were operating at a low level, and the supply of acetic anhydride was tightening, increasing the upward momentum of acetic anhydride; In terms of demand, with the arrival of the golden September and silver October, downstream demand had rebounded, and under the psychological stimulation of buying up rather than falling, downstream customers' purchasing enthusiasm had increased, and the support for the rise of acetic anhydride had increased. Overall, with the arrival of golden September and silver October, the demand for the acetic acid industry chain was expected to rise, the price of acetic acid was expected to rise, and the cost of acetic anhydride continued to rise. However, the supply of acetic anhydride remained tight, and it is expected that the price of acetic anhydride will fluctuate and rise.
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