SunSirs: On November 14th, the Domestic Market for Acetic Anhydride Was Strongly and Temporarily Stable
November 15 2023 11:02:16 SunSirs (John)
Price trend
On November 14th, enterprises in East China quoted 5,600 RMB/ton, which was temporarily stable compared to the previous trading day. Enterprises in South China quoted 5,700 RMB/ton, which was temporarily stable compared to the previous trading day. Enterprises in North China quoted 5,500 RMB/ton, which was an increase compared to the previous trading day. The actual transaction price was based on the actual negotiated price.
Analysis review
On November 14th, the domestic acetic anhydride market was strongly stable temporarily. The delivery price of domestic acetic anhydride to the surrounding area was 5,500-5,700 RMB/ton, which was temporarily stable compared to the previous trading day's quotation. The actual transaction price was discussed in detail.
The price of raw material acetic acid was strong and temporarily stable, the methanol market was fluctuating and consolidating, the cost of acetic anhydride was strongly stabilizing, acetic anhydride manufacturers were operating steadily, the supply of acetic anhydride was sufficient, downstream customers had average purchasing enthusiasm, the demand for acetic anhydride was average.
Market outlook
The upward momentum of acetic anhydride still exists, and the downward pressure weakens. The overall acetic anhydride market is strongly and temporarily stable.
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