SunSirs: Acetic Acid Continued to Rise, and Acetic Anhydride Continued to Follow Suit

Acetic anhydride prices continued to rise this week

According to the Commodity Market Analysis System of SunSirs, as of August 18th, the price of acetic anhydride was 5,670 RMB/ton, an increase of 11.45% compared to the price of 5,087.50 RMB/ton on August 11th last weekend. The price of raw material acetic acid continued to rise, the cost of acetic anhydride increased, the production of acetic anhydride manufacturers was low, the supply of acetic anhydride was tight, the raw material acetic acid continued to rise, and downstream acetic anhydride prices continued to rise.

Acetic acid prices continued to skyrocket this week

According to the market analysis system of acetic acid products in SunSirs, as of August 18th, the price of acetic acid was 3,816.67 RMB/ton, an increase of 15.08% compared to the price of 3,316.67 RMB/ton on August 11th last weekend. Acetic acid enterprises were operating at a low level, with a tight supply of acetic acid. Acetic acid manufacturers had a strong willingness to raise prices, resulting in a sharp increase in acetic acid prices; The cost of acetic anhydride increased, and the upward momentum of acetic anhydride had increased. Recently, the price of acetic acid continued to rise sharply, but downstream demand had not improved. Downstream customers had increased resistance to high priced acetic acid, and the upward space for acetic acid was limited.

Market outlook

Acetic anhydride data Analysts from SunSirs believe that in terms of cost, the price of acetic acid had skyrocketed; In terms of supply, acetic anhydride manufacturers were operating at a low level, and the supply of acetic anhydride was tightening. The upward momentum of acetic anhydride was increasing, while downstream demand was cold, and the support for the rise of acetic anhydride was limited. Overall, the upward space for acetic acid was limited, and the cost support for acetic anhydride was difficult to sustain. The supply of acetic anhydride was tight, and the demand was cold. It is expected that the price of acetic anhydride will stabilize after rising.

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