Acetic Anhydride Prices First Quarter 2024: 

• China: 747 USD/MT

The latest report by IMARC Group, titled “Acetic Anhydride Prices Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of the Price Trend. This report delves into the Price of Acetic Anhydride globally, presenting a detailed analysis, along with an informative Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to provide context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasting, making this price report an invaluable resource for industry stakeholders.

Key Details About the Acetic Anhydride Price Trend

Acetic Anhydride is a versatile chemical essential in producing cellulose acetate, widely used in plastics, films, and fibers. Its applications span across various industries, including pharmaceuticals, dyes, and perfumes, with demand largely driven by the textile and packaging sectors. Additionally, it plays a vital role in drug synthesis and agrochemicals. The indsutry is further bolstered by its use in food additives and fragrances. Current trends point towards sustainable production methods and a growing focus on green chemistry to minimize environmental impact.

Factors Influencing Acetic Anhydride Prices in the Different Regions:

In North America: During Q1 2024, acetic anhydride prices in North America experienced fluctuating trends. Initially, prices remained stable due to consistent feedstock costs and steady demand. However, mid-quarter, reduced demand in pharmaceuticals and a slowdown in cellulose acetate usage led to price fluctuations. Supply disruptions and changes in trade dynamics added further volatility, with prices dipping by the end of the quarter as acetic acid costs declined and inventories increased.

In the Asia Pacific Region: The acetic anhydride prices in the Asia-Pacific saw mixed price movements in Q1 2024. Operational issues at key production sites resulted in lower inventories and increased import costs. Despite these challenges, weak downstream demand and heavy destocking caused prices to drop. However, towards the end of the quarter, a slight rebound occurred as restocking efforts picked up and demand increased, particularly in China, where prices fluctuated due to supply adjustments and expected reductions in methanol and acetic acid costs.

In Europe: Acetic anhydride prices in Europe showed a decline in early 2024, following a period of stability in the previous quarter. Reduced demand from industries such as pharmaceuticals, coatings, and cellulose acetate, combined with sufficient supply and stable production, contributed to this downward trend. Price variations were noticeable across the region, with Western and Central Europe experiencing higher prices due to transportation costs, while Eastern Europe benefited from lower prices, thanks to proximity to production hubs.

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Overall, Price Trend and Regional Prices Analysis: 

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

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