The price of acetic anhydride fluctuated and declined in May

The price of acetic anhydride fluctuated downward in May

According to the Commodity Market Analysis System of Shengyishe, as of May 31st, the price of acetic anhydride was 5437.50 yuan/ton, a decrease of 3.33% from the price of 5625.00 yuan/ton on May 1st.

In May, the acetic anhydride market operated weakly, with upstream acetic acid prices experiencing weak fluctuations and insufficient cost support for acetic anhydride; Acetic anhydride enterprises are operating steadily, with sufficient market supply. Downstream market entry is followed by demand, and market trading is limited. Acetic anhydride manufacturers are actively shipping, and the price of acetic anhydride follows the fluctuation of the upstream market.

Weak and volatile acetic acid market in May

According to the market analysis system for acetic acid products in Shengyishe, as of May 31st, the price was 3150 yuan/ton, a decrease of 3.08% compared to the beginning of the month’s acetic acid price of 3250 yuan/ton. After the holiday, the downstream demand for on-demand replenishment increased, and the on-site trading atmosphere improved. In addition, the Tianjin Alkali Plant equipment failure reduced the burden, and the enterprise’s willingness to raise prices was strong, resulting in a strong increase in acetic acid prices; In late May, there was gradually resistance from downstream towards high priced sources of goods, and the market trading atmosphere was weak. At the same time, as the acetic acid plant resumed its initial load, manufacturers’ willingness to ship increased. In order to promote transactions, the focus of acetic acid trading shifted downwards; At the end of the month, some facilities in East China were shut down, and the company’s quotation slightly increased. The overall weak performance of the acetic acid market during the month has had a bearish impact on acetic anhydride.

Future prospects

According to the acetic acid analyst of Business Society, in terms of raw materials, the acetic acid market has slightly increased, and manufacturers have a clear intention of increasing prices, which is supported by the cost of acetic anhydride; In terms of supply, the acetic anhydride market has sufficient supply of goods, and manufacturers have a strong shipping sentiment; Follow up downstream as needed, and the market trading atmosphere is still acceptable. In the future, the cost of acetic anhydride is favorable, and downstream demand is stable. It is expected that the acetic anhydride market will consolidate and rise in the later period, and specific attention will be paid to changes in upstream prices.