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SunSirs: Acetic Anhydride Price Fell by Half in 2022 -Ⅰ
January 06 2023 11:23:58SunSirs(John)

The price of acetic anhydride fluctuated and fell in 2022

According to the data monitoring of SunSirs, the price of acetic anhydride fell by half in 2022. The lowest price of acetic anhydride in 2022 was the quotation of 5,412.50 RMB/ton at the end of the year, and the highest price of acetic anhydride was 10,350 RMB/ton at the beginning of the year, with a yearly decrease of 47.71%.

It can be seen from the monthly histogram of acetic anhydride price that the price of acetic anhydride fell more and rose less in 2022. Except that the price of acetic anhydride rose sharply in March and May, the price of acetic anhydride fell sharply or rebounded slightly in other months. It can be seen from the monthly increase and decrease that the maximum increase was 21.69% in March and the maximum decrease was 26.93% in February.

Statistics of acetic anhydride export data

According to the data released by the General Administration of Customs, the export volume of acetic anhydride from January to November 2022 totaled 12,885 tons, a slight decline year-on-year. It can be seen from the export volume of acetic anhydride since 2017 that the export volume of acetic anhydride in other years was basically stable, except that in 2018, the export volume of acetic anhydride was significantly higher and in 2020, the export volume of acetic anhydride was significantly lower. In 2018, foreign acetic anhydride manufacturers stopped production, and acetic anhydride exports increased. In 2020, the outbreak of the epidemic affected acetic anhydride exports. The decline of acetic anhydride export in 2022 had a negative impact on the domestic acetic anhydride market.

Future outlook

It can be seen from the annual comparison chart of acetic anhydride price that since September 2017, the price of acetic anhydride has continued to fluctuate and adjust at a high level, and the era of sudden profits of acetic anhydride has continued to this day. By the end of 2022, the price of acetic anhydride has dropped to 5,000 RMB/ton, the price of acetic anhydride has recovered to a relatively low level, and the downward space of acetic anhydride has decreased. In the future, the epidemic situation will continue, and the demand for acetic anhydride will be relatively low. In 2022, the new production of acetic anhydride will be launched successively, and the supply of acetic anhydride will be sufficient. When the acetic anhydride enterprises started normally, the supply and demand of acetic anhydride in the first quarter of 2023 may be oversupply, and the price of acetic anhydride in the first quarter may fall slightly; however, with the weakened epidemic situation and the warmer demand for acetic anhydride, the price of acetic anhydride may rebound in the second quarter. The price of acetic anhydride is greatly affected by the factors of commencement and raw materials. The future market trend of acetic anhydride should focus on the price trend of acetic acid and the commencement of acetic anhydride and acetic acid enterprises.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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