SunSirs: Cost Benefits Were Limited, and Acetic Anhydride Prices Rose First and Then Fell in April
May 08 2024 15:05:37 SunSirs (John)
The price of acetic anhydride rose first and then fell in April
According to the Commodity Market Analysis System of SunSirs, as of April 30th, the price of acetic anhydride was 5,625.00 RMB/ton, an increase of 2.51% compared to the price of acetic anhydride on April 1st, which was 5,787.50 RMB/ton.
In April, the acetic anhydride market first rose and then fell, with upstream acetic acid prices rising and then falling. The cost advantage of acetic anhydride was limited; Acetic anhydride enterprises had stable production, sufficient market supply, weak downstream demand, and followed up on demand when entering the market. Acetic anhydride manufacturers had no pressure on inventory, and the price of acetic anhydride fluctuated with the upstream market.
The acetic acid market rose first and then fell in April
According to the analysis system of the acetic acid market of SunSirs, as of April 30th, the price of acetic acid was 3,250 RMB/ton, an increase of 4.84% compared to the price of acetic acid on April 1st, which was 3,250 RMB/ton. In the first half of the year, the acetic acid market was stronger and prices continued to rise, mainly due to the shutdown and concentrated load reduction of some domestic acetic acid plants, resulting in a significant decrease in the utilization rate of on-site production capacity. At the same time, downstream replenishment was active, and the market trading atmosphere was good. Under the situation of supply shortage, the price of acetic acid continued to rise; In late April, with the resumption of on-site acetic acid plant maintenance, the utilization rate of production capacity had increased, the market supply had increased, and downstream follow-up had weakened. Pre holiday stocking was average, and the market trading atmosphere was weak. In order to promote the continuous reduction of acetic acid prices for shipment, actual transactions on the site were limited, and the acetic acid market was weak and downward, which had a negative impact on acetic anhydride.
Market outlook
According to the acetic acid analyst from SunSirs, in terms of raw materials, the price of acetic acid had fallen, and the cost support for acetic anhydride had weakened; In terms of supply, the acetic anhydride market had sufficient supply of goods, and manufacturers had a clear shipping sentiment; Downstream demand was poor, and businesses had limited entry into the market for purchasing. In the future, the cost of acetic anhydride will remain stable, with limited supplier support. The market for acetic anhydride will remain stable for the time being, and specific attention will be paid to changes in upstream prices.
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