Recently, the price of acetic anhydride has fallen

According to the Commodity Market Analysis System of Shengyishe, as of May 24th, the price of acetic anhydride was 5525.00 yuan/ton, a decrease of 1.12% from the price of acetic anhydride on May 20th, which was 5587.50 yuan/ton. Recently, the price of acetic acid has significantly decreased, and the cost support for acetic anhydride has weakened; Acetic anhydride enterprises have stable production, sufficient market supply, average downstream enthusiasm, weak demand support, and acetic anhydride manufacturers are actively shipping, resulting in a weak downward trend in acetic anhydride prices.

The acetic acid market continues to decline

According to the analysis system of the acetic acid market of Shengyishe, as of May 24th, the price of acetic acid was 3200 yuan/ton, a decrease of 3.03% compared to the 3300 yuan/ton price on May 20th. The maintenance of the on-site acetic acid plant has been restored, the utilization rate of production capacity has been improved, and the inventory of manufacturers has increased. In order to promote the reduction of inventory for acetic acid, downstream parties are resistant to high priced sources of goods, and the enthusiasm for entering the market to purchase goods is not high. The market trading atmosphere is weak, and the mentality of manufacturers is empty. The focus of acetic acid trading continues to shift downwards, and the acetic acid market is weak and downward, which has a negative impact on acetic anhydride.

Future prospects

According to the acetic acid analyst of Business Society, in terms of raw materials, the acetic acid price trend is weak, and the cost support for acetic anhydride is insufficient; In terms of supply, the acetic anhydride market has sufficient supply of goods, and manufacturers have a clear shipping sentiment; Downstream follow up as needed, with limited market trading. Looking at the future market, the cost of acetic anhydride has declined, and the support from suppliers is limited. It is expected that the acetic anhydride market will operate weakly in the later stage, and specific attention will be paid to changes in the upstream market.