With increased transportation costs from China to other Asian countries, rising feedstock acetic acid prices pushed up the acetic anhydride market. As of 11th March, the price of the chemical had risen to 1275 USD/MT, up 20.62% from the previous day's price of 1057 USD/MT. With rising crude oil and natural gas prices as a result of the Russia-Ukraine conflict, the product's supply has dwindled, resulting in deteriorating regional market sentiments. The fermentation of China's energy crisis, as well as the growing upstream methanol market, drove the Chinese acetic anhydride market. Acetic anhydride's market in other regions, namely Europe and the United States, is tight due to rising upstream natural gas prices and surging demand from its downstream dyes industries.
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.
Procurement Resource provides prices of Ethanoic Anhydride for several regions around the globe, which are as follows:
About Ethanoic Anhydride:
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.
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.
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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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