SunSirs: Cost Was Reduced and Demand Was Weak, Acetic Anhydride Prices Sharply Dropped in October
October 17 2023 09:07:44 SunSirs (John)
Acetic anhydride prices plummeted in October
According to the Commodity Market Analysis System of SunSirs, as of October 13th, the price of acetic anhydride was 6,475 RMB/ton, a sharp decrease of 13.55% compared to the price of 7,490 RMB/ton on October 1st. After the holiday, the price of acetic acid decreased, the cost of acetic anhydride decreased, and the downward pressure on acetic anhydride increased. In addition, the demand for acetic anhydride remained weak, and the price of acetic anhydride fluctuated and fell after the holiday.
After the holiday, the price of acetic acid dropped significantly
According to the market analysis system of acetic acid products in SunSirs, as of October 13th, the price of acetic acid was 3,775 RMB/ton, a sharp decrease of 23.48% compared to the price of 4,933.33 RMB/ton on October 1st. Acetic acid enterprises had resumed operations, with accumulated inventory and sufficient supply of acetic acid. However, downstream procurement enthusiasm had decreased. After the holiday, the price of acetic acid plummeted, the cost of acetic anhydride had decreased, and the downward pressure on acetic anhydride increased.
Market outlook
Acetic anhydride data analysts from SunSirs believe that the price of acetic acid plummeted, the cost of acetic anhydride had decreased, and the downward pressure on acetic anhydride had increased; Downstream demand for acetic anhydride was weak, with many traders holding a wait-and-see attitude. Customers' purchasing enthusiasm was poor, and manufacturers' shipments were hindered. The downward pressure on acetic anhydride increased. In the future, as costs decline and demand remains weak, it is expected that the price of acetic anhydride will fluctuate and fall in the future.
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