Acetic anhydride prices rise in March
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 1622.50 yuan/ton or 35.74% from the price of 4540.00 yuan/ton on March 1st.
The acetic anhydride market operated strongly in March. On the supply side, the acetic anhydride plant runs smoothly, and there is not much inventory pressure on the enterprise; Downstream demand is stable, following up on demand when entering the market, and the market trading atmosphere is still good. The raw material side has a significant impact on the price of acetic anhydride. Upstream acetic anhydride prices have risen strongly, and the cost support for acetic anhydride is strong. The acetic anhydride market has a strong intention to rise, and manufacturers’ quotations have significantly followed suit. Acetic anhydride prices have risen strongly this month.
Acetic acid market shows strong upward trend in March
According to the Business Society Acetic Acid Commodity Market Analysis System, as of March 31st, the price was 4140 yuan/ton, an overall increase of 48.03% compared to the acetic acid price of 2796.67 yuan/ton at the beginning of the month. The operating rate of acetic acid is relatively low, the inventory of enterprises is low, the raw material methanol is rising strongly, the cost pressure is high, and the quotation of acetic acid enterprises is rising. The strong trend of acetic acid market in the month is favorable for downstream acetic anhydride market support.
Future prospects
Business analysts believe that in terms of raw materials, the acetic acid market is operating at a high level, and the cost of acetic anhydride is favorable; The acetic anhydride plant on the supply side is operating stably, and there is not much inventory pressure; Downstream urgent needs to follow up, with mostly positive fundamentals. In the future, the acetic anhydride market will continue to operate strongly, with specific attention paid to changes in upstream prices.
| http://www.polyvinylalcohols.com |