Acetic anhydride prices continue to decline this week

According to the Commodity Market Analysis System of the Business Society, as of October 20th, the price of acetic anhydride was 6100 yuan/ton, a decrease of 5.79% compared to the price of 6475 yuan/ton on October 13th; The price of acetic anhydride plummeted by 18.56% compared to 7490 yuan/ton on October 1st. The positive support is not there, and the price of acetic anhydride has fluctuated and fallen this week.

Acetic acid prices fluctuated and fell this week

According to the market analysis system of acetic acid products in the Business Society, as of October 20th, the price of acetic acid was 3575 yuan/ton, a decrease of 5.30% compared to the price of 3775 yuan/ton on October 13th; The price of acetic acid plummeted by 27.53% compared to 4933.33 yuan/ton on October 1st. Acetic acid enterprises have resumed operations, with accumulated inventory and sufficient supply of acetic acid. However, downstream procurement enthusiasm remains weak. This week, acetic acid prices have fallen, acetic anhydride costs have decreased, and the pressure on acetic anhydride to decline has increased.

Future prospects

Analysts from Business Society’s Acetic Anhydride Data believe that the supply of acetic acid is sufficient and the demand is poor. This week, the price of acetic acid has dropped, the cost of acetic anhydride has decreased, and the downward pressure on acetic anhydride has increased; Downstream demand for acetic anhydride is weak, with many traders holding a wait-and-see attitude. Customers’ purchasing enthusiasm is poor, and manufacturers’ shipments are hindered, increasing the downward pressure on acetic anhydride; The production of acetic anhydride enterprises has decreased, and the supply of acetic anhydride has decreased. In the future, cost support is not there, and the demand for acetic anhydride is weak and the supply is decreasing. It is expected that the price of acetic anhydride will fluctuate and consolidate in the future.