The price of acetic anhydride increased significantly in August

According to the Commodity Market Analysis System of the Business Society, as of August 29th, the price of acetic anhydride was 5782.50 yuan/ton, an increase of 12.83% compared to the fluctuating price of 5125 yuan/ton on August 1st. The price of raw material acetic acid continues to skyrocket, supported by the rising cost of acetic anhydride. In August, the price of acetic anhydride increased significantly.

Acetic acid prices continue to skyrocket in August

According to the market analysis system of acetic acid products in the Business Society, as of August 29th, the price of acetic acid was 3983.33 yuan/ton, an increase of 29.89% compared to August 1st, which was 3066.67 yuan/ton. At the beginning of the month, the supply of goods in the market was tight, and the holders were reluctant to sell, leading to a significant increase in the price of acetic acid. The cost of acetic anhydride was strongly supported, and the rise in acetic anhydride was strongly supported.

Methanol prices fluctuated and rose in August

According to the methanol commodity market analysis system of the Business Society, as of August 29th, the methanol price was 2451.67 yuan/ton, an increase of 4.07% compared to August 1st, when the methanol price was 2355.83 yuan/ton. Some methanol enterprises have reduced production through maintenance, while others have resumed operations. Overall, the supply of methanol enterprises has recovered more than the loss, and there is little change in supply. Short term cost support is limited, resulting in a significant increase in methanol orders. The market transaction atmosphere is high, and methanol demand is increasing. It is expected that methanol will rise in the future.

Future prospects

Analysts from the Business Society’s acetic anhydride data believe that in terms of demand, there was no substantial improvement in downstream demand for acetic anhydride in August, and the trading atmosphere on the market remained light, with no significant positive support on the demand side; In terms of inventory, the manufacturer’s inventory is low, and acetic anhydride has no inventory pressure; In terms of cost, the continuous surge in cost side acetic acid in August has put pressure on acetic anhydride manufacturers to produce costs, resulting in losses. Driven by profits, acetic anhydride manufacturers have a strong willingness to raise prices. Overall, with weak supply and demand in the acetic anhydride market and strong cost support, it is expected that the price of acetic anhydride will fluctuate and rise in the future.