Recently, the price of acetic anhydride continues to rise
According to the Commodity Market Analysis System of Shengyi Society, as of March 31st, the price of acetic anhydride was 6162.50 yuan/ton, an increase of 557.50 yuan/ton or 9.95% compared to the price of 5605.00 yuan/ton on March 25th. Recently (3.25-3.31), the price of acetic anhydride has continued to rise. The acetic anhydride plant operates stably with little change in operating rate. Downstream market entry follows suit, and the market trading atmosphere is still acceptable. The raw material side has strong support, and the price of acetic anhydride has risen sharply. The cost pressure of acetic anhydride has increased, and the manufacturer’s quotation continues to rise, resulting in a continued increase in acetic anhydride prices.
Acetic acid market rises sharply
According to the Business Society Acetic Acid Commodity Market Analysis System, from March 25th to 31st, the price of acetic acid rose from 3476.67 yuan/ton to 4140.00 yuan/ton, an increase of 19.08%. The operating rate of the acetic acid plant has decreased, resulting in a decrease in enterprise inventory and a clear intention of manufacturers to raise prices; The price of raw material methanol is high, and cost support still exists. The acetic acid market is positively optimistic, with a wide range of price trends rising. The cost side provides favorable support for the acetic anhydride market.
Future prospects
The acetic acid analyst from Shengyi Society believes that the price trend of raw material acetic acid is strong, and the cost of acetic anhydride continues to be under pressure. There is not much pressure on the inventory of acetic anhydride on the supply side, and downstream demand purchases follow suit. Acetic anhydride enterprises have a strong upward trend, and it is expected that the acetic anhydride market will consolidate and operate at a high level in the later stage. Specific attention should be paid to changes in the upward trend.