The price of acetic anhydride increased in January

According to SunSirs' commodity price analysis system, as of January 29th, the price of acetic anhydride was 4,590 RMB/ton, an increase of 315 RMB/ton compared to the price of 4,275 RMB/ton on January 1st, representing a 7.37% increase.

In January, the acetic anhydride market performed strongly. Upstream acetic acid prices rose overall, providing strong cost support for acetic anhydride; on the supply side, some acetic anhydride manufacturers underwent maintenance shutdowns, reducing market supply; downstream operations remained stable, with buyers purchasing as needed, resulting in a positive market trading atmosphere. Acetic anhydride manufacturers maintained a bullish sentiment, and supported by favorable fundamentals, acetic anhydride prices rose sharply.

The acetic acid market experienced an initial rise followed by a decline in January

According to the acetic acid commodity price analysis system of SunSirs, as of January 29th, the price was 2,830 RMB/ton, a 2.91% increase compared to the price of 2,750 RMB/ton at the beginning of the month. In the first half of the month, strong fundamentals supported the acetic acid market, leading to continuous price increases; in the latter half of the month, increased capacity utilization and higher inventories weakened market sentiment, causing the price of acetic acid to decline. Overall, the acetic acid market was strong during the month, providing positive support for the downstream acetic anhydride market.

Market outlook

According to SunSirs' acetic acid analyst, the acetic acid market was showing a weak and consolidating trend in terms of raw materials, with weakened cost support for acetic anhydride. On the supply side, the recovery of acetic anhydride production facilities after maintenance was slow, which still provided some support to prices. Downstream demand remained stable, and market trading activity was fair. Looking ahead, under the influence of acetic anhydride costs, the acetic anhydride market may experience a slight downward adjustment. Further developments will depend on changes in upstream prices.

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