SunSirs: The Acetic Anhydride Prices Strongly Consolidated in May
May 26 2023 09:46:08 SunSirs (John)
The acetic anhydride prices strongly consolidated in May
According to the Commodity Market Analysis System of SunSirs, as of May 25th, the price of acetic anhydride was 5,462.50 RMB/ton, an increase of 0.23% compared to the price of 5,450 RMB/ton on May 1st at the beginning of the month. In May, the price of acetic anhydride consolidated strongly, with raw material acetic acid prices rising first and then falling. The cost of acetic anhydride stabilized, and in May, the price of acetic anhydride stabilized strongly.
Acetic acid prices rose first and then fell in May
According to the market analysis system of acetic acid products in SunSirs, as of May 25th, the price of acetic acid was 3,250 RMB/ton, an increase of 0.52% compared to May 1st, when the price of acetic acid was 3,233.33 RMB/ton. The inventory of acetic acid enterprises was temporarily stable, and the supply was stable. In May, the acetic acid market first rose and then fell, the price of acetic acid stabilized, and the cost of acetic anhydride stabilized. The momentum for the rise of acetic anhydride in the future remains.
Market outlook
Analysts from SunSirs’ Acetic Anhydride Data believe that in May, the inventory of acetic acid enterprises was low, and the supply of acetic acid was temporarily stable. In May, the acetic acid market consolidated strongly, and the cost of acetic anhydride stabilized strongly. In the future, the cost of acetic anhydride is stabilizing, and the supply is stable. It is expected that the price of acetic anhydride will fluctuate and stabilize in the future.
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