According to Shengyishe Spot News, as of April 27th, the price of acetic anhydride was 5537.50 yuan/ton, a decrease of 662.50 yuan/ton or 10.69% compared to the price of 6200 yuan/ton on April 20th. This week (4.20-4.27), the price of acetic anhydride continued to decrease. The acetic anhydride enterprise’s equipment is running smoothly, and the market supply has increased; Downstream consumers still have resistance towards high priced goods, with a focus on purchasing essential needs and a weak market trading atmosphere; On the raw material side, the price of acetic acid has fallen, and cost support is weak, driving a bearish attitude towards acetic anhydride. Manufacturers have shifted their focus of negotiations downwards, and the acetic anhydride market continues to decline.
Acetic acid market continues to decline
From April 20th to 27th, the price of acetic acid dropped from 4166.67 yuan/ton to 3250 yuan/ton, a decrease of 22.00%. The operating rate of the acetic acid plant has increased, the supply of market goods has increased, downstream demand continues to be weak, and the enthusiasm for entering the market to purchase is not high. The demand side has suppressed the price of acetic acid, and the fundamentals of acetic acid are bearish. The price market continues to decline, and the cost side has a negative impact on the acetic anhydride market.
Future prospects
The price of raw material acetic acid is weak and weak, the cost of acetic anhydride is bearish, downstream demand support is insufficient, and there is a lack of positive news in the acetic anhydride market. It is expected that the acetic anhydride market will continue to consolidate weakly in the later stage, and specific attention should be paid to changes in the upstream market.