SunSirs: The Price of Acetic Anhydride Fluctuated and Declined in May
June 05 2024 15:52:01 SunSirs (John)
The price of acetic anhydride fluctuated and declined in May
According to the Commodity Market Analysis System of SunSirs, as of May 31st, the price of acetic anhydride was 5,437.50 RMB/ton, a decrease of 3.33% from the price of 5,625.00 RMB/ton on May 1st.
In May, the acetic anhydride market operated weakly, with upstream acetic acid prices experiencing weak fluctuations and insufficient cost support for acetic anhydride; Acetic anhydride enterprises were operating steadily, with sufficient market supply. Downstream market entry followed up on demand, and market trading was limited. Acetic anhydride manufacturers were actively shipping, and the price of acetic anhydride followed the fluctuation of the upstream market.
The acetic acid market was weakly volatile in May
According to the acetic acid products market analysis system of SunSirs, as of May 31st, the price was 3,150 RMB/ton, a decrease of 3.08% compared to the beginning of the month's acetic acid price of 3,250 RMB/ton. After the holiday, the downstream demand for on-demand replenishment increased, and the on-site trading atmosphere improved. In addition, the Tianjin Alkali Plant equipment failure reduced the load, and the enterprise's willingness to raise prices was strong, resulting in a strong increase in acetic acid prices; In late May, there was gradually resistance from downstream towards high priced sources of goods, and the market trading atmosphere was weak. At the same time, as the acetic acid plant resumed its initial load, manufacturers' willingness to ship increased. In order to promote transactions, the focus of acetic acid trading shifted downwards; At the end of the month, some facilities in East China were shut down, and the company's quotation slightly increased. The overall weak performance of the acetic acid market during the month had a bearish impact on acetic anhydride.
Market outlook
According to the acetic acid analyst of SunSirs, in terms of raw materials, the acetic acid market had slightly increased, and manufacturers had a clear intention of increasing prices, which was supported by the cost of acetic anhydride; In terms of supply, the acetic anhydride market had sufficient supply of goods, and manufacturers had a strong shipping sentiment; downstream followed up as needed, and the market trading atmosphere was still acceptable. In the future, the cost of acetic anhydride is favorable, and downstream demand is stable. It is expected that the acetic anhydride market will consolidate to rise in the later period, and specific attention will be paid to changes in upstream prices.
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