The acetic acid market remained strong at a high level this week

According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid has risen this week. As of July 19th, the average market price of acetic acid was 3350 yuan/ton, an increase of 100 yuan/ton compared to the price of 3250 yuan/ton on July 12th, with an overall increase of 3.08%.

 

At the beginning of the week, the price of acetic acid rose, mainly due to the malfunction of the acetic acid plant in the early stage, the reduction of enterprise inventory, and the continuation of the positive sentiment in the market, leading to another upward trend in the market. Afterwards, as the faulty device resumed normal operation, the market supply increased, and downstream consumers consumed more inventory, the enthusiasm for entering the market weakened. However, the manufacturer’s inventory was not under pressure at the moment, and overall production and sales were still acceptable. The stable quotation in the later part of the week was the main factor. In terms of traders, due to excessive stockpiling and weakened downstream demand, the price of acetic acid has been lowered, and the overall acetic acid market remained strong at a high level during the week.

 

As of July 19th, the market prices of acetic acid in various regions are as follows:

Region/ July 12th/ July 19th/ Rise and fall

South China region/ 3175 yuan/ton/ 3175 yuan/ton/ 0

North China region/ 3325 yuan/ton/ 3375 yuan/ton/ 50

Shandong region/ 3250 yuan/ton/ 3350 yuan/ton/ 100

Jiangsu region/ 3150 yuan/ton/ 3175 yuan/ton/ 25

Zhejiang region/ 3250 yuan/ton/ 3275 yuan/ton/ 25

The upstream raw material methanol market is weak and declining. As of July 19th, the average price in the domestic market was 2500 yuan/ton, a decrease of 2.34% compared to the price of 2560 yuan/ton on July 12th. The methanol supply side equipment has undergone extensive maintenance, resulting in a decrease in production capacity and interest rates. However, the downstream sector continues to be weak, and traders have sufficient supply of goods, with average receiving sentiment. Market trading is poor, and methanol spot prices have fallen from high levels.

 

The downstream acetic anhydride market is experiencing a strong upward trend. On July 19th, the average ex factory price of acetic anhydride was 5567.50 yuan/ton, an increase of 2.16% compared to the price of 5450.00 yuan/ton on July 12th. The upstream acetic acid market remains strong at a high level, and the cost support of acetic anhydride is favorable. The downstream of acetic anhydride follows suit according to demand, and the trading atmosphere in the market is still acceptable. The upstream market has driven the upward trend of acetic anhydride prices.

 

Market forecast: According to the acetic acid analyst from Shengyi Society, the main acetic acid factories in the market are currently operating normally, with an increase in market supply and a weakening of downstream demand. There is limited market entry for purchases, and there is a supply-demand game in the market. In addition, some holders intend to lower prices to stimulate shipments. It is expected that the short-term acetic acid market will be weakly consolidated, and downstream follow-up will be closely monitored in the future.

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