SunSirs: The positive factors were no longer there, and the price of acetic anhydride had continued to decline this week
October 25 2023 10:01:23 SunSirs (John)
Acetic anhydride prices continued to decline this week
According to the Commodity Market Analysis System of SunSirs, as of October 20th, the price of acetic anhydride was 6,100 RMB/ton, a decrease of 5.79% compared to the price of 6,475 RMB/ton on October 13th; The price of acetic anhydride plummeted by 18.56% compared to 7,490 RMB/ton on October 1st. The positive support was not there, and the price of acetic anhydride had fluctuated and fallen this week.
Acetic acid prices fluctuated and fell this week
According to the market analysis system of acetic acid products in SunSirs, as of October 20th, the price of acetic acid was 3,575 RMB/ton, a decrease of 5.30% compared to the price of 3,775 RMB/ton on October 13th; The price of acetic acid plummeted by 27.53% compared to 4,933.33 RMB/ton on October 1st. Acetic acid enterprises had resumed operations, with accumulated inventory and sufficient supply of acetic acid. However, downstream procurement enthusiasm remained weak. This week, acetic acid prices had fallen, acetic anhydride costs had decreased, and the pressure on acetic anhydride to decline had increased.
Market outlook
Acetic Anhydride Data Analysts from SunSirs believe that the supply of acetic acid was sufficient and the demand was poor. This week, the price of acetic acid had dropped, the cost of acetic anhydride had decreased, and the downward pressure on acetic anhydride had increased; Downstream demand for acetic anhydride was weak, with many traders holding a wait-and-see attitude. Customers' purchasing enthusiasm was poor, and manufacturers' shipments were hindered, increasing the downward pressure on acetic anhydride; The production of acetic anhydride enterprises had decreased, and the supply of acetic anhydride had decreased. In the future, cost support is not there, and the demand for acetic anhydride is weak and the supply is decreasing. It is expected that the price of acetic anhydride will fluctuate and consolidate in the future.
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