Get the latest insights on price movement and trends analysis of Ethanoic Anhydride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Ethanoic Anhydride Price Trends for the First Half of 2023
Ethanoic Anhydride price trendss fluctuated throughout the said period as per the feedstock acetic acid and acetone prices. Prices ran upward for most of the first quarter because the demands from downstream industries were running high as the construction industries started opening in China after a long halt of the strict COVID-19 lockdown. So, as the industries started reviving slowly, the prices started with a steady and slow upward growth. However, the consistent breaks and hurdles like the Chinese New Year holidays kept affecting the demand fundamentals, causing the inventories to rise, thereby leading to a decline in ethanoic anhydride prices.
Ethanoic Anhydride prices fluctuated in a narrow range but were swinging low for most of the second quarter. A decline in the upstream costs was also the reason contributing to such price patterns since the crude oil and freight prices normalized. Overall, a mixed price trends was observed for Ethanoic Anhydride.
In the European market, Ethanoic Anhydride prices were steady and wavered a little at the higher end as its feedstock prices suggested. The reason behind such trendss was the beginning of trade and supply chain normalization in European economies after a long economic backlash attributed to the Russia – Ukraine conflict in its backyard.
In the American Ethanoic Anhydride market, the prices oscillated on the lower end, with the acetic acid prices falling constantly. Overstocked inventories were responsible for such price patterns. As very few queries were registered from the downstream markets, the prices didn’t get many opportunities to improve. Overall, dull market sentiments were observed.
According to Procurement Resource, the price trendss for Ethanoic Anhydride are expected to continue fluctuating given the trade normalization and unsettled market conditions.
Ethanoic Anhydride Price Trends for the Second Half of 2022
Ethanoic Anhydride prices for the Asian market in H2 2022 remained low. As the feedstock acetic acid remained more than sufficiently available, upstream costs remained underwhelmingly low, and very low market demands from downstream industries further pushed the prices for Ethanoic Anhydride. Overall, the year 2022 ended with a very muted market activity for Ethanoic Anhydride. Consequences of supply chain disruptions in the initial H2 2022 on Ethanoic Anhydride could not be aided even by the year-end.
Europe witnessed very oscillating trendss for Ethanoic Anhydride. Due to an acute energy crisis, in-house production costs became unbearably high. And in the initial months of H2, the port congestions and supply chain disruptions didn’t let the cheaper Asian imports reach the European market, so the prices stayed fluctuated even with steadily low demands. But as the year-end approached the supply chains were restored and cheaper imports were available, hence the prices fell further.
North American price trendss for Ethanoic Anhydride were very similar to the Asian market trendss. Ample availability of feedstock acetic acid at low costs kept the production costs balanced, even high energy costs could not push the Ethanoic Anhydride prices much, as demand dynamics favoured the low-price trendss. In the latter Q4, the restoration of supply chains eased the shipment costs further, again contributing to low price trendss for Ethanoic Anhydride. Overall, a demand slump and production ease kept the Ethanoic Anhydride market low hanging.
According to Procurement Resource, the Ethanoic Anhydride price trendss are not going to go up anytime soon. As the feedstock acetic acid prices are not rising and no sufficient upstream pressure is provided the price trendss will remain bleak.
Procurement Resource provides latest prices of Ethanoic Anhydride. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Ethanoic anhydride, sometimes known as acetic anhydride, is a chemical compound with the formula Ac2O. It is the most basic isolable carboxylic acid anhydride and is commonly utilised as a reagent in chemical synthesis. It's a white liquid with a strong acetic acid odour, which is generated when acetic acid reacts with moisture in the air.
|Product Name||Ethanoic Anhydride|
|Industrial Uses||Adhesives and sealant chemicals, Intermediates, Solvents (which become part of product formulation or mixture), Used as a drying agent during a reaction, Viscosity adjustors|
|Synonyms||Acetyl acetate, Acetanhydride, Acetyl anhydride, Acetic oxide, Acetyl oxide|
|Molecular Weight||102.09 g/mol|
|Supplier Database||Celanese, BP Chemicals, Eastman Chemical Company, BASF, Jubilant Life Sciences, DuPont, SABIC, PetroChina Ltd.|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The manufacture of ethanoic anhydride from acetic acid and acetone is a two-step procedure. Acetone is first pyrolyzed to ketene, which is then combined with acetic acid to form Ethanoic Anhydride.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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