Acetic Anhydride Prices

Acetic Anhydride Prices June 2024

The acetic anhydride prices in Belgium for Q2 2024 reached 1140 USD/MT in June. Belgium experienced significant price fluctuations marked by an upward trend. Seasonal factors, such as restocking activities, contributed to a rise in prices, while a slight price decrease as compared to the same period the prior year reflected an improvement from earlier high levels.

The price trend for acetic anhydride in China for Q2 2024 settled at 715 USD/MT in June. China witnessed significant price reductions, mainly due to weak demand for acetic anhydride from industries including pharmaceuticals and construction. High inventory levels, falling coal and methanol prices, and a slowdown in industrial activity further exacerbated the decline.

Acetic Anhydride Prices March 2024

The acetic anhydride prices in China for Q1 2024 reached 747 USD/MT in March. The market witnessed a notable decrease in acetic anhydride prices, attributed to reduced demand and excessive supply. The market experienced significant price adjustments, reflecting a broader downturn in regional demand. This trend underscores the challenges faced by the market in maintaining price stability amidst fluctuating demand and supply conditions.

Acetic Anhydride Prices December 2023

The acetic anhydride prices in China for Q4 2023 experienced significant fluctuations, largely due to a moderate supply and bearish market conditions. Early quarter production issues caused inventory shortages, pushing up import costs. However, a subsequent drop in demand led to falling prices. By the end of the quarter, restocking and improved downstream demand helped stabilize prices at 818 USD/MT in December.

Regional Coverage

The report provides a detailed analysis of the acetic anhydride market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast, and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the acetic anhydride price trend.

Global Acetic Anhydride Price

The report offers a holistic view of the global acetic anhydride pricing trends in the form of acetic anhydride price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into acetic anhydride historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into acetic anhydride price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed acetic anhydride demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Acetic Anhydride Price

Q2 2024:

During the second quarter of 2024, the prices for acetic anhydride in the market across Europe faced a dynamic period with prices exhibiting a clear ascending trend. This increase was driven by various major factors, including a constant lack of labor in the pharmaceutical sector and strong demand for acetic anhydride from innovation and robust export activities. Market stocks remained sufficient, and constant upstream methanol prices helped maintain the positive trajectory. However, geopolitical tensions, particularly in the Red Sea, contributed to shipping delays and rising freight costs, further elevating prices. The quarter was marked by continued logistical challenges, driving up operational expenses.

Q1 2024:

The European market for acetic anhydride saw a decline in the first quarter of 2024, impacted by stable prices for methanol, which did not support an increase in acetic acid prices. High inventory levels and a lack of strong demand from end use industries placed additional pressure on market prices. Despite consistent supply levels, the high-interest rates upheld by the Central Bank in Europe curtailed consumer purchasing power, leading to a cautious market sentiment and continued pricing challenges within the sector.

Q4 2023:

The acetic anhydride market in Europe during Q4 2023 faced a drop in prices after a stable period. Key factors driving this downtrend included lower demand in essential sectors like pharmaceuticals, cellulose acetate, and paints and coatings. The market also saw ample supply and steady manufacturing capacity, alongside reduced costs for acetic acid feedstock. This mixed pricing landscape created challenges for producers, as lower prices supported cost-conscious industries but potentially squeezed profit margins for manufacturers depending on their location and cost strategies.

This analysis can be extended to include detailed acetic anhydride price information for a comprehensive list of countries.

North America Acetic Anhydride Price

Q2 2024:

During Q2 2024, the prices for acetic anhydride across the North American region experienced a steady decline, driven by reduced demand for acetic anhydride from key sectors, such as surfactants, pharmaceuticals, and agrochemicals. This decline was further influenced by high inventory levels among local manufacturers, creating additional pressure on prices. A surplus of supply from Asia and Europe also intensified the downward trend. Lower production costs, spurred by falling raw material prices for acetic acid, allowed manufacturers to reduce prices. Despite the current downturn, an anticipated rebound is expected as the pharmaceutical sector is projected to drive demand growth in the upcoming quarter, supported by rising acetic acid prices.

Q1 2024:

Throughout Q1 2024, the North American market demonstrated stability, primarily driven by consistent demand across various end use sectors and maintained supply chains. Even with slight price increases later in the quarter, no major disruptions like plant shutdowns were reported, which helped preserve market stability. Government support for expanding workforce in the construction sector, including educational programs and apprenticeships, continued to bolster demand within the construction industry, supporting a positive outlook for the market.

Q4 2023:

During Q4 2023, the North American market prices initially held steady, buoyed by stable feedstock costs along with steady requirements from select sectors. Midway through the quarter, prices became more volatile due to reduced usage of cellulose acetate and fluctuating demand for pharmaceutical intermediates. In line with this, changes in customer behaviors as well as subdued activities in the construction sector further added to market dynamics. Temporary supply issues and varying trade patterns added to the instability. By the end of the quarter, prices declined as acetic acid costs decreased, inventories grew, and competition among producers intensified.

Specific acetic anhydride historical data within the United States and Canada can also be provided.

Middle East and Africa Acetic Anhydride Price

The report explores the acetic anhydride pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on acetic anhydride prices for countries can also be provided.

Asia Pacific Acetic Anhydride Price

Q1 2024:

During the early months of 2024, the Asia Pacific region faced downward trends due to a decrease in demand from key sectors like detergents and laundry and excess supply. The decline was further influenced by weaker support from acetic acid, a critical raw material, which saw a reduction in prices. The market in China, in particular, showed a significant price reduction, reflecting the broader regional trend of softening demand and price instability, which continued to challenge market growth.

Q4 2023:

The APAC region experienced a turbulent period due to numerous key factors. Early on, manufacturing disruptions led to diminished inventories and a surge in importing prices. This was followed by a phase of extensive destocking and reduced consumption from end-use sectors, resulting in falling prices. Later in the quarter, restocking activities and renewed demand pushed prices up. The region anticipated lower feedstock Methanol prices and a decline in downstream demand. Overall, the market in APAC demonstrated mixed pricing dynamics, heavily influenced by fluctuations in China.

This acetic anhydride price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Acetic Anhydride Price

The analysis of acetic anhydride prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Acetic Anhydride Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Acetic Anhydride Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of acetic anhydride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of acetic anhydride at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of acetic anhydride price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing acetic anhydride price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Acetic Anhydride Market Analysis

The global acetic anhydride market size reached US$ 3.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 4.8 Billion, at a projected CAGR of 2.60% during 2023-2032.

• The expanding food and beverage (F&B) sector is driving the demand for acetic anhydride. To create modified starches, acetic anhydride is employed as a food ingredient. These modified starches aid in the thickening of various food products. In line with this, acetic anhydride is widely employed in numerous culinary applications, such as frozen cakes, ice creams, mayonnaises, dry cake mixes, and muesli bars, driven by its acetylating and dehydrating properties. Furthermore, the rising consumption of processed or ready-to-eat (RTE) food products among the masses across the globe is bolstering the market growth.
• Acetic anhydride is a vital raw material to produce cellulose acetate fibers, which are used in textiles. Cellulose acetate fiber provides improved drapability and comfort. It has enhanced textile processing performance, which aids in broadening its range of applications, including in woven products. The research report of IMARC Group reports that the global textile market size reached US$ 1,027.0 Billion in 2023 and is anticipated to grow to US$ 1,445.4 Billion in 2032. The increasing adoption of cellulose acetate for manufacturing textiles and catering to the changing preferences of individuals is impelling the market growth.
• The acetic anhydride market is also influenced by the employment of its derivatives, such as cellulose acetate, in cigarette filters. The increasing consumption of cigarettes among the masses across the globe is propelling the growth of the market.
• Acetic anhydride is also used to manufacture several plastics and polymers, including vinyl acetate. The rising need for plastic materials across numerous sectors, such as packaging, construction, and automotive, is catalyzing the demand for acetic anhydride.

Acetic Anhydride News

The report covers the latest developments, updates, and trends impacting the global acetic anhydride market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in acetic anhydride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the acetic anhydride price trend.

Latest developments in the acetic anhydride industry:

• In April 2023, Jubilant Ingrevia commissioned a new global-scale acetic anhydride plant in Bharuch, Gujarat, increasing its capacity by 60,000 MT to a total of 210,000 MT annually. This expansion strengthens its leadership in the domestic market and enhances its global presence. The new plant supports the company's aim to achieve a leading position in global merchant markets.
• In December 2023, INEOS Acetyls completed the acquisition of the Eastman Chemical Company's site in Texas City, Texas. The deal, which was announced in December 2022, includes the purchase of the acetic acid and vinyl acetate monomer (VAM) production units, as well as associated infrastructure and utilities.

Product Description

Acetic anhydride, also known as ethanoic anhydride, is a clear, colorless liquid and has a strong odor of vinegar. It is less reactive as compared to acid chlorides. It can create an acidic solution when reacted with water.

Acetic anhydride acts as a versatile reagent and solvent in the chemical sector. It is a reactive compound that reacts quickly with water and alcohol to produce esters or acetates. It also serves as a catalyst to produce geraniol, citral, and citric acid.

In addition, acetic anhydride is a crucial raw material for aspirin and other pharmaceutical manufacturing. Aspirin is used to treat mild to moderate pain, inflammation, or arthritis among individuals. Acetic anhydride-based aspirin aids in lowering the risk of heart attack, stroke, or blood clots.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of acetic anhydride pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting acetic anhydride price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The acetic anhydride price charts ensure our clients remain at the forefront of the industry.