Ethanoic Anhydride Price Trend and Forecast

Ethanoic Anhydride Regional Price Overview

Get the latest insights on price movement and trend analysis of Ethanoic Anhydride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Ethanoic Anhydride Price Trend for the Q2 of 2024

Asia

During the second quarter of the year 2024, the ethanoic anhydride prices were found to be in line with the acetic acid prices in the Asian markets. In China, the market performance for ethanoic anhydride in the second quarter was not very different from the first quarter.
 

Ethanoic Anhydride Price Chart

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The prices were found to be wavering within similar ranges this time around as well.  The supply and demand equation was on par, and the prices were more consolidated during Q2’24.

Europe

In the European market, the ethanoic anhydride prices were stable for the majority of the given time period. The downstream demands from the consuming sectors, particularly the chemical and pharmaceuticals showed some improvements supporting the overall pricing dynamic.

The major issue with the ethanoic anhydride trade still remained the supply chain curtailments and logistical challenges the European region has been facing for a long time now. Some countries in the union had better performances than others. However, the overall performance was still largely range-bound.

North America

Ethanoic anhydride’s price performance in the American markets was not very different from its Asian and European counterparts as the price trajectory was found to be moderate here as well. The upstream and downstream dynamic kept the prices anchored in the domestic and regional markets. The offshore trade was a little questionable. However, the domestic industries, too, kept the ethanoic anhydride prices buoyant in the American markets. Overall, a wavering price graph was observed.

Analyst Insight

According to Procurement Resource, going forward, the Ethanoic Anhydride prices are expected to perform even better as the downstream demands are likely to grow more in the near future.
 

Ethanoic Anhydride Price Trend for the Q1 of 2024

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Asia

Throughout the first quarter, the price of ethanoic anhydride in China experienced fluctuations, initially declining slightly and then rising before witnessing a significant drop. These oscillations in the market were majorly influenced by the onset of the Chinese New Year and spring festivities season. Additionally, the price of acetic acid continued its downward trajectory, supporting the fluctuations.

Manufacturers briefly halted production in the mid-quarter leading to a temporary price increase. However, downstream demand remained weak, contributing to a bearish sentiment in the ethanoic anhydride market. The traders were further burdened by the sluggish supply of feedstock chemicals and raw materials, which eventually contributed to the subdued sentiments of the ethanoic anhydride market.

Europe

In the European countries, ethanoic anhydride prices experienced a better first quarter due to increased feedstock costs. Despite a decrease in natural gas prices post-heating season, constrained upstream oil supply led to higher oil prices, affecting ethanoic anhydride production costs.

Additionally, elevated freight rates from longer shipment routes, despite relatively low import prices from China, have further pushed prices up. However, the demand from downstream sectors like ethyl acetate and butyl acetate remains subdued, primarily impacting the overall trend of the ethanoic anhydride market. On the other hand, even with the rising cost of production, the production rates inclined in anticipation of rising demand and declining interest rates, but this increased the stockpiles of the market and limited the rise in the ethanoic anhydride price trend.

North America

The North American ethanoic anhydride prices remained stable due to consistent market dynamics, supported by steady methanol prices and affordable natural gas, which lowered production costs. The improving demand from ethyl acetate and butyl acetate industries further drove the price trend.

However, challenges in the construction industry, a major consumer of ethanoic anhydride, such include a shortage of skilled labor, created ripples in the region. Despite these challenges, stable supply dynamics and manufacturing expansion also presented an optimistic outlook. While construction demand remains subdued, proactive government measures supported the reformation of the industry and sustained growth potential in downstream sectors.

Analyst Insight

According to Procurement Resource, the price trend of Ethanoic Anhydride is estimated to improve slightly in the next quarter as the downstream industries changing landscape and rising support of acetic acid market might drove up the trend of ethanoic anhydride prices.
 

Ethanoic Anhydride Price Trend for the Second Half of 2023

Asia

During the third and fourth quarters of 2023, the price of ethanoic anhydride in China experienced a fluctuating trend before settling on the lower end of the spectra. This was attributed to insufficient support from raw material prices and resumed production by the manufacturing plants after the long stretch of unplanned shutdown. Despite increased industrial activities, the overall inventory levels remained high.

On similar sides, the prices of acetic acid saw a slight increase due to production stoppages and malfunctions in some facilities, leading to decreased supply and higher prices during the transition phase from the third to the fourth quarter. This aided the cost support for ethanoic anhydride. However, as the year approached its termination, the market activities began to swindle with the loss of overseas business due to the advent of the holiday season.

Europe

A marginal decline in the pricing patterns of ethanoic anhydride was observed during the H2 of 2023. The market remained on the lower end of the spectrum as the key downstream industries, such as pharmaceuticals, paints, and coatings, encountered many challenges. These market fluctuations led to a gradual decline in the commodity's demand pattern and thus resulted in the market's subdued dynamics.

In the initial phase of the aforementioned period, the lack of cost support from feedstock acetic acid and the destabilization of the construction sector led to a faint outlook of the market. Additionally, as the months passed by, the domestic production and overseas imports outpaced the procurement rates of both in-house and international industries, raising the inventories and prompting the traders to take on the destocking route.

North America

During the H2 of 2023, the ethanoic anhydride market in North America struggled with the declining trajectory of acetic acid costs as it serves as its major feedstock. Initially, the demand from the downstream pharmaceutical and detergent industries was consistent, but it attained a southward track towards the end of the year.

Many factors influenced this behavior of the market, such as oscillations in the cost of crude oil and naphtha and the pessimistic approach of the consumers amid the downgrading economic conditions of the region. Further, the gradual rise in the interest rates and loss of overseas exports due to the reduction in water levels of the Panama Canal hampered the overall trajectory of ethanoic anhydride prices during H2 of 2023.

Analyst Insight

According to Procurement Resource, the price trend of Ethanoic Anhydride is estimated to oscillate with the fluctuating cost of feedstock materials and loss of consumer confidence in the sector.
 

Ethanoic Anhydride Price Trend for the First Half of 2023

Asia

Ethanoic Anhydride price trend 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 trend was observed for Ethanoic Anhydride.

Europe

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 trend 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.

North America

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.

Analyst insight

According to Procurement Resource, the price trend for Ethanoic Anhydride are expected to continue fluctuating given the trade normalization and unsettled market conditions.
 

Ethanoic Anhydride Price Trend for the Second Half of 2022

Asia

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

Europe witnessed very oscillating trend 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 America

North American price trend for Ethanoic Anhydride were very similar to the Asian market trend. 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 trend. In the latter Q4, the restoration of supply chains eased the shipment costs further, again contributing to low price trend for Ethanoic Anhydride. Overall, a demand slump and production ease kept the Ethanoic Anhydride market low hanging.

Analyst insight

According to Procurement Resource, the Ethanoic Anhydride price trend 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 trend 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.