Acetic anhydride prices surged in September

According to the Commodity Market Analysis System of the Business Society, as of September 28th, the price of acetic anhydride was 7490 yuan/ton, an increase of 22.14% compared to the price of 6132.50 yuan/ton on September 1st; The price of acetic anhydride fluctuated and increased by 1.18% compared to 7402.50 yuan/ton on September 20th. The price of acetic anhydride increased significantly in the first and second half of the year, while the price increase in acetic anhydride slowed down in the latter half of the year.

Acetic acid prices fluctuated and rose in September

According to the market analysis system of acetic acid products in the Business Society, as of September 28th, the price of acetic acid was 4933.33 yuan/ton, an increase of 21.31% compared to September 1st, which was 4066.67 yuan/ton; The price of acetic acid increased by 0.68% compared to 4900 yuan/ton on September 20th. In the early days, many acetic acid enterprises ceased production, resulting in insufficient supply of acetic acid and a significant increase in acetic acid prices; In the second half of the year, some acetic acid enterprises resumed construction, and the supply of acetic acid increased. In addition, the dual stocking period has basically ended, leading to a decrease in downstream procurement enthusiasm. The rise in acetic acid prices has slowed down, and the cost support for acetic anhydride has decreased.

Future prospects

Analysts from Business Society Acetic Anhydride Data believe that in terms of raw materials, in early September, acetic acid companies had a lot of parking, low acetic acid inventory, tight acetic acid supply, and a sharp rise in acetic acid prices. As acetic acid manufacturers resumed operations, acetic acid inventory increased, acetic acid supply increased, and the rise in acetic acid prices slowed down, weakening the cost support for acetic acid anhydride. In terms of supply and demand, the supply of raw material acetic acid is limited, and acetic anhydride enterprises have no raw material to start at full capacity. Some acetic anhydride manufacturers have shut down, and the supply of acetic anhydride is insufficient. The operating load of Shandong acetic anhydride manufacturers has decreased, and the spot supply of acetic anhydride has tightened; Double stocking led to an increase in downstream purchasing enthusiasm. In the first and second half of the year, the price of acetic anhydride surged. In the second half of the year, as stocking ended, downstream purchasing enthusiasm decreased and demand for acetic anhydride weakened. In the future, the quality of gold, silver, and ten is limited, and downstream procurement enthusiasm is less than expected. With the resumption of construction by acetic anhydride enterprises, the expected recovery of acetic anhydride supply and cost support are weakening, and the expected price fluctuation of acetic anhydride is stabilizing.