Weak acetic acid market in the second half of May

In the second half of the month, the domestic acetic acid market was operating in a weak state, with no pressure on enterprise inventory and maintaining active shipments. Downstream demand was average, and incoming purchases were followed up as needed. There were few new orders traded on the market, and operators were cautious in entering the market. Under the supply and demand game, the price of acetic acid was weak and stable.


According to the Commodity Market Analysis System of the Business Society, as of May 31, the average price of acetic acid in East China was 3250.00 yuan/ton, a decrease of 1.52% compared to the price of 3300.00 yuan/ton on May 16, and an increase of 0.52% compared to the beginning of the month. As of May 31, the market prices of acetic acid in various regions during the week were as follows:


The upstream raw material methanol market has fluctuated and declined. As of May 31, the average price in the domestic market was 2160.00 yuan/ton, a decrease of 7.90% compared to the price of 2345.00 yuan/ton on May 16. Futures prices fell, raw coal prices declined, market confidence was insufficient, downstream demand was low, social inventory in the methanol market continued to accumulate, and with the continuous influx of imported goods, the price of methanol spot market was weak and downward.


The downstream acetic anhydride market is weak and declining. As of May 31, the factory price of acetic anhydride was 5387.50 yuan/ton, a decrease of 1.69% compared to the price of 5480.00 yuan/ton on May 16. The upstream acetic acid market is weak, the cost support for acetic anhydride is insufficient, and the downstream procurement of acetic anhydride is not good. A small number of transactions are followed up according to demand, and market negotiations are running, resulting in a decline in the price trend of acetic anhydride.


In the future market forecast, acetic acid analysts from Business Society believe that the supply of acetic acid in the market remains rational, enterprises actively ship, and downstream demand is average. The market trading atmosphere is light, and demand support is insufficient. The mentality of the industry is stagnant. Under the supply and demand game, it is expected that the acetic acid market will operate in the later stage, and specific attention will be paid to downstream follow-up.