In April, the acetic anhydride price weakened and declined

Acetic anhydride prices fell in April

The acetic anhydride market experienced a weak downward trend in April. As of April 30th, the price of acetic anhydride was 5555 yuan/ton, a decrease of 1157.5 yuan/ton or 17.24% from the price of 6712.5 yuan/ton on April 1st.
On the supply side, the production of acetic anhydride remained stable within the month, and the market supply of goods was stable. The company maintained a focus on shipping; Downstream demand has shown poor performance, with sluggish procurement of high priced acetic anhydride and a general trading atmosphere in the market. In order to promote shipments, companies have shifted their price focus downwards; On the raw material side, the price of acetic acid has shown a significant decline, with weak cost support, which has a negative impact on the price of acetic anhydride, driving the continuous decline of the acetic anhydride market.
Acetic acid market weakly declines in April
As of April 30th, the price of acetic acid commodity was 3193.33 yuan/ton, a decrease of 29.61% compared to the beginning of the month price of 4530 yuan/ton. The operating rate of acetic acid has increased within the month, with sufficient market supply and weak downstream demand. The company’s shipments are poor, and the market sentiment is pessimistic. At the same time, the raw material methanol is fluctuating, and the cost support is limited. The fundamentals of acetic acid are bearish, and the price trend is weak and downward during the month.
outlook for the future market
Analysts believe that the raw material acetic acid has limited downward space due to cost pressure, and industry players are mainly adopting a wait-and-see attitude, which provides some support for the price of acetic anhydride; The acetic anhydride plant on the supply side is operating smoothly, and downstream demand is following suit. The market supply and demand are in a game, and it is expected that the acetic anhydride market will be weak and stable in May. The price will be adjusted accordingly, and the specific price changes will be closely monitored in the upstream.