SunSirs: Demand Was Weak, Production Was Resumed, and Acetic Anhydride Prices Dropped after the Holiday
February 19 2024 14:15:19 SunSirs (John)
After the holiday, the price of acetic anhydride fell
According to the Commodity Market Analysis System of SunSirs, as of February 18th, the price of acetic anhydride was 5,850 RMB/ton, a decrease of 0.43% compared to the price of 5,875 RMB/ton on February 9th before the holiday, and a decrease of 1.06% compared to the price of 5,912.50 RMB/ton on January 31st last month. Weak demand had led to a decline in the price of acetic anhydride. During the Spring Festival, some acetic anhydride enterprises experienced equipment shutdowns, and after the holiday, acetic anhydride equipment resumed operation, resulting in a decrease in acetic anhydride prices.
After the holiday, the price of acetic acid was weak and temporarily stable
According to the analysis system of the acetic acid market in SunSirs, as of February 18th, the price of acetic acid was 3,300 RMB/ton, which was temporarily stable compared to the price of acetic acid on February 9th before the holiday; The price of acetic acid was temporarily stable at 3,300 RMB/ton compared to February 1st at the beginning of the month. During the Spring Festival, some acetic acid manufacturers experienced equipment shutdowns or reduced loads, resulting in a tightening of acetic acid supply. After the holiday, acetic acid manufacturers resumed operations, with sufficient acetic acid supply and weak and temporarily stable acetic acid prices.
Future prospects
According to Acetic Anhydride Data analysts from SunSirs, some acetic anhydride manufacturers shut down during the Spring Festival, and after the holiday, acetic anhydride enterprises resumed operations, resulting in an increase in acetic anhydride supply; In addition, the demand for acetic anhydride remained weak, and the supply of acetic anhydride was sufficient and the demand was weak. It is expected that the price of acetic anhydride will be weakly lowered in the future.
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