Acetic anhydride prices narrowly reduced in May

The acetic anhydride market rose first and then fell in May. As of May 31st, the price of acetic anhydride was 5450 yuan/ton, a decrease of 105 yuan/ton or 1.89% from the price of 5555 yuan/ton on May 1st.
The acetic anhydride market in May was greatly affected by raw materials and demand, and the price showed a trend of first rising and then falling during the month. At the beginning of the month, the price of raw material acetic acid rose, and cost support was favorable, driving up the price of acetic anhydride. At the same time, downstream purchases followed up on demand, and the market trading atmosphere was good. In the first half of the month, the price of acetic anhydride remained relatively strong. In the latter half of the year, the price of raw material acetic acid continued to decline, and cost support weakened. At the same time, downstream resistance to high priced goods increased, resulting in insufficient trading on the market and a weak downward trend in the acetic anhydride market.
The acetic acid market fluctuated and declined in May
As of May 31st, the price of acetic acid commodity was 3040 yuan/ton, a decrease of 4.80% compared to the beginning of the month price of 3193.33 yuan/ton. During the month, the maintenance of the acetic acid plant was concentrated, and the market supply pressure was not significant. However, the terminal market trading was weak, and downstream demand for essential purchases was maintained. The company’s shipments were poor, and the market sentiment was pessimistic. At the same time, the raw material methanol has fallen slightly, and the cost support is insufficient. The demand constraint is obvious, and the price of acetic acid is weakly declining during the month.
Outlook for the future market
According to analysts from Shengyi Society, the low price of raw material acetic acid has a weak impact on the cost side, resulting in insufficient confidence in the acetic anhydride market and limited short-term price increases. Downstream procurement is mainly based on demand, with average demand support. It is expected that the acetic anhydride market will continue to operate weakly in the future, with specific attention paid to upstream price changes and downstream follow-up.