During the specified timeframe in Asia, prices of Ethanoic Anhydride experienced fluctuations driven by shifts in feedstock costs like acetic acid and acetone. Initially, prices ascended during the first quarter due to heightened demands from resuming construction industries in China after a prolonged Covid-19 lockdown. However, disruptions like Chinese New Year holidays hindered consistent growth, leading to a downturn as inventories surged. In the second quarter, prices remained constrained, influenced by reduced upstream expenses as crude oil and freight costs normalized. European prices remained steady, reflecting economic normalization after setbacks caused by the Russia-Ukraine conflict. Conversely, the American market witnessed sluggish Ethanoic Anhydride prices due to surplus inventories and limited demand, resulting in subdued market sentiments.
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Definition
Ethanoic Anhydride, also known as acetic anhydride, is a chemical compound with the formula (CH3CO)2O. It is an organic compound commonly used as an acetylation agent in various chemical reactions. It’s utilized in the production of pharmaceuticals, dyes, plastics, and other chemicals, due to its ability to add acetyl groups to compounds.
Key Details About the Ethanoic Anhydride Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Ethanoic Anhydride in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Ethanoic Anhydride Price chart, including India Ethanoic Anhydride price, USA Ethanoic Anhydride price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Ethanoic Anhydride Price Trend:
Ethanoic Anhydride finds key industrial uses as an acetylation agent in pharmaceuticals, helping modify chemical structures for drug synthesis. It’s pivotal in dye manufacturing, creating colorants for textiles and other products. Additionally, it’s employed in producing cellulose acetate for plastics, fibres, and films, contributing to a wide array of industrial applications.
Key Players:
- Celanese
- BP Chemicals
- Eastman Chemical Company
- BASF
- Jubilant Life Sciences
- DuPont
- SABIC
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