SunSirs: The Rise in Raw Material Prices Slowed Down, and Acetic Anhydride Fluctuated and Consolidated This Week
September 26 2023 14:05:40 SunSirs (John)
Acetic anhydride fluctuated and consolidated this week
According to the Commodity Market Analysis System of SunSirs, as of September 22, the price of acetic anhydride was 7,427.50 RMB/ton, an increase of 0.34% compared to the fluctuating price of 7,402.50 RMB/ton on September 15. The price of acetic anhydride had slightly increased this week, and the upward trend of acetic anhydride prices had slowed down. The rise in raw material acetic acid prices had slowed down, and the cost support for acetic anhydride had weakened. This week, the price of acetic anhydride fluctuated and consolidated.
The price increase of acetic acid slowed down this week
According to the market analysis system of acetic acid products in SunSirs, as of September 22, the price of acetic acid was 4,900 RMB/ton, an increase of 2.08% compared to the price of 4,800 RMB/ton on September 15. The construction of acetic acid enterprises partially resumed, the supply of acetic acid was expected to increase, the stocking before Double Festival was basically over, the enthusiasm for downstream procurement had decreased, the price of acetic acid had slightly increased, and the cost increase of acetic anhydride had slowed down.
Market outlook
Acetic Anhydride Data Analysts from SunSirs believe that in terms of raw materials, acetic acid manufacturers had resumed production, increased acetic acid inventory, and slightly increased acetic acid prices; In terms of supply, the operating load of Shandong acetic anhydride manufacturers had decreased, and the spot supply of acetic anhydride had tightened; In terms of demand, the stocking before Double Festival had basically ended, and downstream procurement enthusiasm decreased. In the future, stock preparation has basically ended, downstream procurement enthusiasm has decreased, supply is still tight, and cost increases are slowing down. Manufacturers and traders still have the enthusiasm to support prices, and it is expected that the price of acetic anhydride will consolidate at a high level.
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