The acetic anhydride price was weak recently

According to the commodity price analysis system of SunSirs, as of January 28th, the price of acetic anhydride was 4,590.00 RMB/ton, a decrease of 0.70% compared to the price of 4,622.50 RMB/ton on January 21st. Recently (January 21st-28th), acetic acid prices was weak, and falling raw material prices have weakened cost support for acetic anhydride. On the supply side, acetic anhydride production facilities undergoing maintenance were resuming operations. Market sentiment was mainly cautious, and demand was weak, providing little support for acetic anhydride prices. The overall market fundamentals were weak, leading to a slight decrease in acetic anhydride prices.

The acetic acid market was undergoing a downward correction

According to the acetic acid commodity price analysis system of SunSirs, from January 21st to 28th, the price of acetic acid decreased from 2,903.33 RMB/ton to 2,873.33 RMB/ton, a drop of 1.03%.  The operating rate of acetic acid plants increased slightly, leading to an increase in market supply. Downstream demand was average, and manufacturers' inventories rose, resulting in a weaker market sentiment and a decrease in acetic acid prices. This had a negative impact on the cost of acetic anhydride.

Market outlook

According to SunSirs' acetic acid analyst, the price of raw material acetic acid has declined, and market sentiment for acetic anhydride was weak. While the supply side's acetic anhydride inventory pressure was manageable, downstream demand was limited. The fundamentals of the acetic anhydride market were weakening, and it is expected that the acetic anhydride market will trend downwards in the near future, with specific developments depending on changes in the upstream market.

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