The price of acetic anhydride has significantly increased this week

According to the Commodity Market Analysis System of Shengyishe, as of December 8th, the price of acetic anhydride was 6400 yuan/ton, a significant increase of 9.64% compared to the price of acetic anhydride on December 1st, which was 5837.50 yuan/ton. Acetic acid enterprises are experiencing continuous malfunctions, resulting in a decrease in acetic acid supply, a significant increase in acetic acid prices, and an increase in raw material costs; Acetic anhydride enterprises purchase raw materials at high prices, but their willingness to start production is not strong. In addition, due to the shutdown of acetic anhydride enterprises for troubleshooting, the operating load of acetic anhydride enterprises has decreased, and the price of acetic anhydride has increased significantly this week.

Recently, a certain acetic anhydride manufacturer in Anhui province has been in a state of shutdown for maintenance, while the acetic anhydride manufacturer in Shandong province has been affected by policies, resulting in low load operation of the equipment and a slight shortage of supply in the acetic anhydride market. The demand for acetic anhydride in the downstream consumer market has not shown a significant increase. Under the influence of weak demand, on-site operators mainly purchase small orders for basic needs, and their support for the acetic anhydride market is limited.

The price of acetic acid has significantly increased this week

According to the analysis system of the acetic acid market in Shengyishe, as of December 8th, the price of acetic acid was 3650 yuan/ton, a significant increase of 9.77% compared to the price of 3325 yuan/ton on December 1st. Domestic acetic acid companies have reduced their production capacity, while multiple foreign acetic acid plants have also shut down due to force majeure factors, resulting in a surge in domestic export orders, low inventory of acetic acid manufacturers, insufficient supply of acetic acid, stable downstream demand for acetic acid, strong willingness of acetic acid manufacturers to raise prices, and a significant increase in acetic acid prices.

Future prospects

According to analysts from Business Society Acetic Anhydride Data, the recovery time of overseas acetic acid parking facilities is uncertain, which still provides positive support for the domestic acetic acid market. However, considering the current high price of acetic acid and strong resistance from downstream, it may be difficult to maintain the price of acetic acid in the future, and the short-term cost support for acetic anhydride is still acceptable. In terms of supply and demand, acetic anhydride parking manufacturers are expected to restart in the near future, while the recovery time for load shedding manufacturers is uncertain. The supply of acetic anhydride in the future may remain tight, while there is currently no positive news on the demand side to boost it. It is expected that the acetic anhydride market will be strong in the future, but the upward trend may be difficult to sustain.