SunSirs: There Had Been No Substantial Improvement in Demand, and the Price of Acetic Anhydride in January Fell First and Then Rose

In January, the price of acetic anhydride first fell and then rose

According to the commodity market analysis system of the SunSirs, as of January 31st, the price of acetic anhydride was 5,912.50 RMB/ton, an increase of 1.50% compared to January 20th, which was 5,825 RMB/ton. Compared to January 1st, the price of acetic anhydride was stable at 5,912.50 RMB/ton. Demand was weak, and the price of acetic anhydride fell. Yankuang Lunan’s acetic anhydride equipment stopped for short time, and downstream customers stocked up before the Spring Festival, resulting in an increase in the price of acetic anhydride. In January, the price of acetic anhydride first fell and then rose.

In January, the price of acetic acid first fell and then rose

According to the analysis system of the acetic acid market in SunSirs, as of January 31st, the price of acetic acid was 3,300 RMB/ton, an increase of 3.12% compared to the 3,200 RMB/ton price on January 1st. In January, several acetic acid manufacturers in Ningxia, Shandong, and Hebei experienced equipment shutdowns or load reductions, leading to a tightening of acetic acid supply and an increase in acetic acid prices.

Market outlook

According to Acetic Anhydride Data analysts from SunSirs, the price of acetic acid increased in January, leading to an increase in the cost of acetic anhydride; As the Spring Festival approaches, downstream enterprises of acetic anhydride are operating at a low level, resulting in poor demand for acetic anhydride and significant downward pressure on it; The Yankuang Lunan’s acetic anhydride equipment briefly stopped, resulting in a decrease in acetic anhydride supply. Overall, the tight supply of acetic anhydride and rising costs, coupled with weak demand for acetic anhydride, are expected to result in weak and stable prices in the future.

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