The price of acetic anhydride rose sharply in August. As of August 31st, the price of acetic anhydride was 5565.00 yuan/ton, an increase of 327.50 yuan/ton or 6.25% from the price of 5237.50 yuan/ton on August 1st.
The acetic anhydride market saw a strong upward trend in August. In the first half of the month, some manufacturers of acetic anhydride underwent equipment maintenance, which boosted market sentiment. However, the price of raw material acetic acid remained weak and the cost was bearish. Under the psychological game, the price of acetic anhydride mainly stabilized; In the second half of the month, with the upward trend of the upstream market, the cost pressure of acetic anhydride continues to increase. Manufacturers have a strong intention to raise prices, and coupled with tight supply, the price of acetic anhydride has risen significantly under favorable support.
Acetic acid market fell first and then rose in August
In July, the price of acetic acid increased from 3223.33 yuan/ton to 3310 yuan/ton, with an overall increase of 2.69%. Acetic acid prices have fallen slightly at the beginning of the month due to the off-season demand; In the second half of the year, supply tightened, export support and rising costs boosted the price of acetic acid, and the overall acetic acid market remained strong. The rise in raw material prices has increased the cost pressure on acetic anhydride, driving up the price of acetic anhydride.
Outlook for the future market
Analysts believe that the current raw material acetic acid market is relatively strong, and cost support still exists. The inventory pressure on the acetic anhydride supply side is not high, and downstream demand follows up. The downward space in the market is limited, and it is expected that the acetic anhydride market will be strong and stable in the future. Specific attention should be paid to changes in the upstream market and downstream follow-up.
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