Acetic anhydride prices plummeted significantly in June

According to the Commodity Market Analysis System of the Business Society, as of June 27th, the price of acetic anhydride was 5000 yuan/ton, a decrease of 7.19% compared to the price of 5387.50 yuan/ton on June 1st at the beginning of the month. In June, acetic anhydride enterprises started operating normally, with sufficient supply of acetic anhydride. The price of raw material acetic acid decreased, the cost of acetic anhydride decreased, and the price of acetic anhydride fluctuated and fell.

Acetic acid prices fluctuated and fell in June

According to the market analysis system of acetic acid products in the Business Society, as of June 27th, the price of acetic acid was 2866.67 yuan/ton, a decrease of 10.88% compared to June 1st, which was 3216.67 yuan/ton. Acetic acid enterprises have resumed operations, and in 2023, the export volume of acetic acid has increased significantly. The export volume of glacial acetic acid is relatively stable, and the demand for acetic acid is stable. The price of acetic acid has significantly decreased, and the cost of acetic anhydride has decreased. The downward pressure on acetic anhydride in the future is increasing.

Statistics and Market of Acetic Anhydride Export Volume

According to data released by the General Administration of Customs, the export volume of acetic anhydride in May 2023 was 285940 kilograms, and the export volume from January to May was 5331080 kilograms. From the monthly trend chart, it can be seen that the export volume of acetic anhydride increased in the first quarter, while the export volume of acetic anhydride decreased significantly in April and May. The decline in exports has led to insufficient demand for acetic anhydride, and the downward pressure on acetic anhydride has increased.

Future prospects

Analysts from Business Society’s acetic anhydride data believe that in June, acetic anhydride enterprises started operating normally and the supply of acetic anhydride was sufficient; The price of acetic acid has plummeted, and the cost of acetic anhydride has decreased; The export volume has significantly decreased, the demand for acetic anhydride has decreased, and downstream demand remains weak. The purchasing enthusiasm of acetic anhydride customers is poor, and the downward pressure on acetic anhydride has increased. Overall, the cost of acetic anhydride has decreased due to oversupply, and it is expected that the price of acetic anhydride will fluctuate and fall in the future.