SunSirs: Cost Decreased, Supply Increased, Demand Was Fatigued, and Acetic Anhydride Price Dropped in February

Acetic anhydride prices fluctuated and fell in February

According to the Commodity Market Analysis System of SunSirs, as of February 29th, the price of acetic anhydride was 5,425 RMB/ton, a decrease of 7.66% from the price of 5,875 RMB/ton on February 1st; On March 4th, the price of acetic anhydride was 5,350 RMB/ton, a decrease of 1.38% compared to February 29th; The price of acetic anhydride haD dropped by 8.94% compared to February 1st. Before the Spring Festival, the price of acetic acid remained stable, but after the holiday, there was nationwide snowfall this week, which hindered regional transportation and resulted in sluggish transactions of acetic acid. The price of acetic acid fluctuated and fell, and the cost of acetic anhydride decreased; Before the Spring Festival, the price of acetic anhydride started at a low level, but after the holiday, acetic anhydride enterprises resumed production. The supply of acetic anhydride increased, but downstream demand remained weak. The supply and demand of acetic anhydride were weak, and the price of acetic anhydride fell in February.

Acetic acid prices fluctuated and fell in February

According to the analysis system of the acetic acid market in SunSirs, as of February 29th, the price of acetic acid was 3,100 RMB/ton, a decrease of 6.06% compared to the price of 3,300 RMB/ton on February 1st; On March 4th, the price of acetic acid was 3,050 RMB/ton, a decrease of 1.61% compared to February 29th; The price of acetic acid had dropped by 7.58% compared to February 1st. Before the holiday, downstream stocking came to an end and gradually entered a state of vacation. The market trading atmosphere was weak, and at the same time, due to the influence of weather, factory shipments were poor, and acetic acid prices remained stable; At the beginning of the holiday, the factory continued its pre holiday state with stable quotations. As the company's inventory accumulated, downstream restocking was insufficient, coupled with rainy and snowy weather, the manufacturer's shipments were hindered, and inventory pressure increased. In addition, acetic acid companies started operating at a high level, resulting in a high supply of acetic acid and a fluctuating decline in the acetic acid market price.

Market outlook

According to data analysts from SunSirs, the price of acetic acid had fluctuated and fallen, resulting in a decrease in the cost of acetic anhydride; After the holiday, acetic anhydride enterprises started at a high level, coupled with a significant increase in acetic anhydride production capacity, the supply of acetic anhydride increased; In terms of demand, the demand for acetic anhydride remained weak. Overall, the cost of acetic anhydride had decreased, supply and demand had weakened, and the price of acetic anhydride had fluctuated and fallen.

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