SunSirs: Cost Supported, Inventory Was Low, and Acetic Anhydride Prices Rebounded
March 13 2024 09:31:50 SunSirs (John)
Acetic anhydride prices stopped falling and rebounded this week
According to the commodity market analysis system of SunSirs, as of March 12, the price of acetic anhydride was 5,362.50 RMB/ton, which was stable compared to the price of acetic anhydride on March 1, which was 5,362.50 RMB/ton; Compared to last weekend's price of 5,325 RMB/ton on March 10th, the price of acetic anhydride increased by 0.70%. The price of acetic acid had stopped falling and rebounded, with a slight increase in transaction volume and an increase in the cost of acetic anhydride; This week, the production of acetic anhydride enterprises had been stable, the supply of acetic anhydride was sufficient, the inventory of acetic anhydride manufacturers was low, and downstream purchased mainly on demand. The price of acetic anhydride had stopped falling and rebounded this week.
Acetic acid prices stopped falling and rebounded this week
According to the analysis system of the acetic acid commodity market in SunSirs, as of March 11th, the price of acetic acid was 3,050 RMB/ton, a decrease of 1.61% from the price of 3,100 RMB/ton on March 1st. The acetic acid manufacturer was operating steadily and the overall production was at a high level. The downstream production of acetic acid was stable, with high market supply and demand, and transactions remained in high demand. The acetic acid market had entered a rebound stage, and industry players had a bullish attitude. The cost increase of acetic anhydride provided greater support.
Market outlook
According to Acetic Anhydride Data analysts from SunSirs, in terms of raw materials, the price of acetic acid was showing a rebound trend, and the cost support for acetic anhydride was increasing; In terms of supply, acetic anhydride manufacturers had low inventory, which had a certain positive effect on the supply of acetic anhydride; In terms of demand, there was temporarily no significant positive trend in downstream demand. Overall, the cost of acetic anhydride had increased, resulting in weak demand and low supply; The upward momentum of acetic anhydride was increasing, and it is expected that the price of acetic anhydride will rebound and rise in the future.
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