Acetic anhydride market weakly declines in June

According to data, the price of acetic anhydride fell in June. As of June 29th, the price of acetic anhydride was 5312.50 yuan/ton, a decrease of 37.5 yuan/ton or 0.70% from the June 1st price of 5350 yuan/ton.
The acetic anhydride market experienced a weak downward trend in June. On the supply side, the maintenance equipment for acetic anhydride has been restored, and the market supply is sufficient. However, downstream demand is in the off-season, and the enthusiasm for entering the market for purchasing is not high. The market trading atmosphere is weak. Although the price of raw material acetic acid has rebounded, the boost to the acetic anhydride market is average. The cost pressure has increased, and the demand for enterprise shipments has increased. Some manufacturers have lowered their inventory prices, resulting in a downward trend in the acetic anhydride market this month.
The acetic acid market fell first and then rose in June
In June, the price of acetic acid increased from 3023.33 yuan/ton to 3056.67 yuan/ton, with an overall increase of 1.10%. On the supply side, the main factories in Shandong region have temporarily stopped production, coupled with the current acetic acid operating rate of less than 80%, the price of acetic acid has stopped falling and rebounded. The overall inventory pressure of acetic acid enterprises is not high during the month, and downstream procurement needs are following up. The acetic acid market is stable and strong. The rise in raw material prices has squeezed downstream acetic anhydride profits.
Future prospects
Business analysts believe that the raw material acetic acid is running steadily, with average cost support. The acetic anhydride market has strong supply and weak demand, and the confidence of industry players is insufficient. Short term prices are still weak, and the fundamentals of the acetic anhydride market are not good. It is expected that the acetic anhydride market will be weak and consolidate in the future. The price should pay attention to changes in upstream prices and downstream follow-up.