The price of acetic anhydride increased narrowly in October. As of October 28th, the price of acetic anhydride was 7240 yuan/ton, an increase of 57.50 yuan/ton or 0.80% from the price of 7182.50 yuan/ton on October 1st.
The acetic anhydride market was consolidating at a high level in October. After the National Day holiday, downstream restocking is concentrated, enterprise inventory is reduced, and the price trend of acetic anhydride is strong and rising; In the second half of the year, although the price of raw material acetic acid weakened, it remained relatively high overall, providing strong cost support for the acetic anhydride market. At the same time, some manufacturers on the supply side stopped or reduced production, resulting in tight market supply. Coupled with downstream demand follow-up, the market fundamentals remained stable, supporting the high price of acetic anhydride.
Acetic acid market is weak in October
The price of acetic acid in October fell from 4850 yuan/ton to 4460 yuan/ton, with an overall decrease of 8.04%. After the holiday, downstream replenishment is active, demand side support is improving, and acetic acid prices remain at a high level; In the middle of the month, upstream methanol prices fell from a high level, cost support was weak, and acetic acid prices fell weakly; Affected by geopolitical factors in the latter half of the year, the methanol market rebounded and stopped falling, bringing favorable costs, and the price of acetic acid followed suit with an increase. The price of raw material acetic acid remains fluctuating at a high level, providing strong cost support for the acetic anhydride market.
Outlook for the coming period
Analysts believe that the current price of raw material acetic acid is firm, with strong cost support; The supply side spot is tight, and vinegar anhydride enterprises have a positive attitude; Downstream market entry is mainly based on demand, with resistance to high priced goods. There is a game of supply and demand in the market, and it is expected that the acetic anhydride market will fluctuate narrowly in the future, with prices maintaining high levels. Specific attention should be paid to changes in the upstream market and downstream follow-up situations.
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