SunSirs: Weak Demand and Increased Supply Had Led to a Decline in the Price of Acetic Anhydride This Week

The price of acetic anhydride had dropped this week

According to the Commodity Market Analysis System of SunSirs, as of February 22, the price of acetic anhydride was 5,662.50 RMB/ton, a decrease of 3.62% from the price of 5,875 RMB/ton on February 16. The price of acetic acid was weak and temporarily stable, coupled with nationwide snowfall this week, regional transportation was hindered, acetic acid transactions were cold, and the cost of acetic anhydride was weak and stabilizing; This week, acetic anhydride enterprises resumed production, and the supply of acetic anhydride increased. Downstream demand remained weak, and the price of acetic anhydride fell this week.

This week, the price of acetic acid fell weakly

According to the analysis system of the acetic acid market in SunSirs, as of February 22, the price of acetic acid was 3,200 RMB/ton, a decrease of 3.03% compared to the price of 3,300 RMB/ton on February 16. The holiday had ended, and acetic acid manufacturers had resumed operations. The supply of acetic acid was sufficient. This week, there was nationwide snowfall, transportation was hindered, and acetic acid transactions were cold. The supply had increased, and demand had been weak. The price of acetic acid had fluctuated and fallen this week.

Future Market Forecast

According to Acetic Anhydride Data analysts from SunSirs, as the holiday ended and acetic acid manufacturers resumed production, acetic acid prices fluctuated and fell, resulting in a decrease in the cost of acetic anhydride; Acetic anhydride enterprises resumed operation, and the supply of acetic anhydride increased; This week, there was snowfall across the country, transportation was hindered, and transactions of acetic acid and acetic anhydride were sluggish, while demand for acetic anhydride remained weak. Overall, the cost of acetic anhydride had decreased, and the supply had weakened; the downward pressure on acetic anhydride is increasing, and it is expected that the price of acetic anhydride will fall in the future.

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