The price acetic anhydride weakly declined
According to the Commodity Market Analysis System of SunSirs, as of May 30th, the price of acetic anhydride was 5,425.00 RMB/ton, a decrease of 4.62% from the price of acetic anhydride on May 11th, which was 5,687.50 RMB/ton. The price of acetic acid continued to decline in the middle and late stages, and the cost support for acetic anhydride was weak; Acetic anhydride enterprises had stable production, sufficient market supply, downstream follow-up on demand, limited demand support, acetic anhydride manufacturers actively offered discounts for shipments, resulting in a weak downward trend in acetic anhydride prices.
The acetic acid market continued to decline
According to the analysis system of the acetic acid market of SunSirs, as of May 30th, the price of acetic acid was 3,100 RMB/ton, a decrease of 8.82% compared to the price of 3,400 RMB/ton on May 11th. With the resumption of maintenance and repair of the acetic acid plant, the utilization rate of production capacity had increased, and the supply of goods was sufficient. The enthusiasm of downstream parties to purchase goods was not high, coupled with resistance to high priced goods, the market trading atmosphere was weak, and the mentality of manufacturers was biased towards empty. In order to stimulate the inventory of acetic acid, the quotation for acetic acid had been continuously lowered, and the acetic acid price had fallen, which had a negative impact on acetic anhydride.
Market outlook
The acetic acid analyst from SunSirs believes that in terms of raw materials, the acetic acid market was operating weakly, and the cost support for acetic anhydride was weakening; In terms of supply, the acetic anhydride market had sufficient supply of goods, and manufacturers had a strong shipping sentiment; However, downstream companies often followed up on demand, resulting in poor market trading. In the future, the cost of acetic anhydride is bearish, and under the supply-demand game, it is expected that the acetic anhydride market will continue to be weakly consolidated in the later period. Please pay attention to the changes in the upstream market.
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