Acetic anhydride prices had fluctuated and fallen this week
According to the Commodity Market Analysis System of SunSirs, as of March 20th, the price of acetic anhydride was 5,400 RMB/ton, a decrease of 2.04% from the price of 5,512.50 RMB/ton on March 13th; Compared to the price of 5325 RMB/ton on March 10th, the price of acetic anhydride fluctuated and increased by, an increase of 1.41%. In mid month, the price of acetic acid first rose and then fell, and the cost of acetic anhydride fluctuated and increased; This week, the production of acetic anhydride enterprises had been stable, with sufficient supply of acetic anhydride. The inventory of acetic anhydride manufacturers is low, and downstream demand is weak. The price of acetic anhydride rose first and then fell this week.
The price of acetic acid rose first and then fell this week
According to the analysis system of the acetic acid commodity market in SunSirs, as of March 20th, the price of acetic acid was 3,050 RMB/ton, a decrease of 1.61% from the price of 3,100 RMB/ton on March 13th; Compared to March 10th, the price of acetic acid had stabilized at 3,050 RMB/ton. The acetic acid manufacturer is operating steadily and the overall production was at a high level. The downstream operating profit of acetic acid was low, the purchasing enthusiasm of downstream customers wa poor, and the bearish mentality in the acetic acid market was widespread. The driving force for the cost increase of acetic anhydride was weakened, and downward pressure still existed.
Market outlook
According to Acetic Anhydride Data analysts from SunSirs, in terms of raw materials, the price of acetic acid first rose and then fell, and the cost support for acetic anhydride decreased; In terms of supply, acetic anhydride manufacturers had stable production and sufficient supply of acetic anhydride; In terms of demand, downstream demand was poor, and downstream customers had a strong wait-and-see attitude. In the future, the cost of acetic anhydride will decrease, with sufficient supply and weak demand; It is expected that the price of acetic anhydride will fluctuate and fall in the future.
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