Acetic Anhydride Price, Monitor, Market analysis & Demand

 North America

In Q4 2023, the North American Acetic Anhydride (AA) market displayed mixed dynamics. Initially stable, prices were supported by steady demand from certain sectors and consistent feedstock costs. Mid-quarter fluctuations arose from varying demand in pharmaceutical intermediates and reduced utilization in cellulose acetate, influenced by factors like shifting consumer preferences and decreased construction activity.

Short-term supply disruptions and evolving trade dynamics, particularly from Asia, contributed to volatility. Towards the quarter's end, prices declined due to easing acetic acid costs, increasing inventory levels, and a competitive landscape among producers.

Regional variations were observed, with stable to higher prices in the Gulf Coast, more volatility in the Northeast and Midwest, and slightly lower prices on the West Coast. Lower AA prices benefited downstream industries facing cost pressures, while mixed price movements likely impacted profitability for some producers, contingent on production costs, hedging strategies, and regional performance.

APAC

The APAC region's Acetic Anhydride Price witnessed a mixed quarter in Q4 2023, with several factors impacting the market. Firstly, major production plants' operational failures resulted in lower inventories, leading to higher import prices. Secondly, heavy destocking market activity and lower demand from the downstream industry led to lower prices. However, restocking activity and increased demand from downstream industries led to higher prices towards the end of the quarter. China witnessed the most significant changes in pricing trends, with a bearish market situation and a moderate supply. The prices of feedstock Methanol were expected to be lower, and the demand from the downstream industry was likely to decrease. The prices of Acetic Acid were expected to be lower.  The price percentage change from the previous year's Q4 was 4%, indicating a stable market. However, the quarter-on-quarter percentage change was -20%, indicating a significant decrease in prices. The price percentage comparison between the first and second half of the quarter was -23%. The latest/quarter-ending price of Acetic Anhydride FOB Qingdao in China was USD 823/MT. In conclusion, the Acetic Anhydride market in the APAC region witnessed mixed pricing trends in Q4 2023, with several factors impacting the market, particularly in China.

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Europe

In Q4 2023, the European Acetic Anhydride (AA) market experienced a 5-10% decline in prices compared to Q3, following a period of relative stability. This downturn was influenced by reduced demand in key downstream industries such as Cellulose Acetate, Pharmaceuticals, and Paints and Coatings. Ample supply, stable production capacity, and moderating acetic acid feedstock costs also contributed to the price decrease. Increased competition among European producers and regional variations played a role, with Western and Central Europe having higher prices due to transportation costs, while Eastern Europe had lower prices due to proximity to production facilities. Lower AA prices benefited users in various industries facing cost pressures, but it likely impacted profitability for some producers based on production costs and hedging strategies.