SunSirs: On November 2nd, the Domestic Market for Acetic Anhydride Stabilized
November 03 2023 10:32:13 SunSirs (John)
Price trend
On November 2nd, enterprises in East China quoted 5,600 RMB/ton, which was stable compared to the previous trading day. Enterprises in South China quoted 5,700 RMB/ton, which was stable compared to the previous trading day. Enterprises in North China quoted 5,500 RMB/ton, which was stable compared to the previous trading day. The actual transaction price was based on real-time negotiated prices.
Analysis review
On November 2nd, the domestic acetic anhydride market weakened and stabilized. The surrounding delivery price of domestic acetic anhydride was 5,500-5,700 RMB/ton, which was weak and stable compared to the previous trading day's quotation. The actual transaction price was discussed in detail. The price of raw material acetic acid had fluctuated and fallen, the methanol market had fluctuated and fallen, the cost of acetic anhydride had decreased, acetic anhydride manufacturers had started operations steadily, the supply of acetic anhydride was sufficient, downstream customers had average purchasing enthusiasm, and the demand for acetic anhydride was average.
Market outlook
The upward momentum of acetic anhydride has weakened, and downward pressure still exists. The overall acetic anhydride market is weak and adjusted.
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