As of starting June xxxx, Acetic Anhydride prices in India hold stability, despite soft downstream sentiment and compressed margins. While upstream acetic acid prices corrected slightly, stable methanol costs and limited import substitutes kept price floors unchanged. Domestic Acetic Anhydride demand from pharmaceuticals and dyes remained muted despite robust value growth in the Indian Pharma Market (IPM), which expanded by x.xx YoY in May. Meanwhile, overseas availability remained firm but uncompetitive due to Chinese FOB offers staying flat at USD amid global caution.
Domestic Acetic Anhydride production remained uninterrupted in the first week of June, with adequate feedstock availability and operating rates at regular levels. However, the Chinese market continued to show conversion margin pressure. In China, production was restrained due to poor cost pass-through, despite elevated acetic acid prices. Notably, Shandong Hualu-Hengsheng Chemical Co. in Lubei observed a x-day...
