SunSirs: The Cost of Raw Materials Had Decreased, and the Price of Acetic Anhydride Decreased after the Holiday
October 09 2023 11:04:45 SunSirs (John)
Acetic anhydride prices fluctuated and fell after the holiday
According to the Commodity Market Analysis System of SunSirs, as of October 8th, the price of acetic anhydride was 7,352.50 RMB/ton, a decrease of 1.84% compared to the price of 7,490 RMB/ton on October 1st. In late September, the price increase of acetic anhydride slowed down, and the price increase of acetic anhydride was sluggish. After the holiday, the price of acetic anhydride fell, the cost of acetic anhydride decreased, and the downward pressure on acetic anhydride increased. The price of acetic anhydride fluctuated and fell.
Acetic acid prices fluctuated and fell after the holiday
According to the market analysis system of acetic acid products in SunSirs, as of October 8th, the price of acetic acid was 4,866.67 RMB/ton, a decrease of 1.35% compared to the price of 4,933.33 RMB/ton on October 1st. In late September, acetic acid enterprises resumed operations, with an increase in acetic acid supply, while downstream procurement enthusiasm decreased. After the holiday, acetic acid prices fluctuated and fell, increasing the pressure on acetic anhydride costs to decline.
Market outlook
Acetic Anhydride Data Analysts from SunSirs believe that acetic acid manufacturers had resumed operations, increased acetic acid inventory, increased acetic acid supply, and acetic acid prices decreased after the holiday and acetic anhydride costs decreased. In the future, downstream procurement enthusiasm is poor. As acetic acid companies resume operations, the price of acetic acid drops, the cost of acetic anhydride decreases, and the demand for cost reduction is weak. It is expected that the price of acetic anhydride will fluctuate and fall in the future.
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