The price of acetic anhydride rose first and then fell in March
According to the Commodity Market Analysis System of SunSirs, as of March 27th, the price of acetic anhydride was 5,387.50 RMB/ton, an increase of 0.47% compared to the price of acetic anhydride on March 1st, which was 5,362.50 RMB/ton. In March, the price of acetic anhydride briefly rose after a slight drop, and then plummeted significantly.
The trend of acetic anhydride in March can be divided into three stages: the first half of March saw a continuation of the February decline in acetic anhydride prices, with a slight decline in acetic anhydride prices; In the middle of the month, the price of acetic anhydride rose first and then fell, and the price of acetic acid rose first and then fell, making it difficult to sustain the cost of acetic anhydride; In the latter half of the month, the price of acetic anhydride stabilized and showed an upward trend at the end of the month.
In March, the price of acetic acid continued to fluctuate and decline as February
According to the analysis system of the acetic acid market in SunSirs, as of March 27th, the price of acetic acid was 3,000 RMB/ton, a decrease of 3.23% compared to the price of 3,100 RMB/ton on March 1st; Compared to the price of 3300 RMB/ton on February 1st, the price of acetic acid decreased by 9.09%. In March, the price of acetic acid continued its downward trend in February and fluctuated. In mid month, some acetic acid manufacturers briefly stopped production, and the price of acetic acid briefly rose. Downstream customers of acetic acid had poor purchasing enthusiasm, and the acetic acid market had a bearish mentality. In March, the price of acetic acid continued its downward trend in February and fluctuated, resulting in insufficient cost support for acetic anhydride.
Market outlook
According to Acetic Anhydride Data analysts from SunSirs, in terms of raw materials, the price of acetic acid had continued to fluctuate and fall in February, with insufficient cost support for acetic anhydride. In the future, the downward space for acetic acid is limited, and it may stop falling and rebound; 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. From January to February, the export of acetic anhydride fell significantly, and the support for acetic anhydride demand was insufficient. In the future, there is limited room for cost reduction of acetic anhydride, with stable supply and weak demand; It is expected that the price of acetic anhydride will rebound slightly in the future.
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