According to the Commodity Market Analysis System of Shengyi Society, as of February 27th, the average market price of acetic acid was 2830 yuan/ton, an increase of 50 yuan/ton or 1.80% compared to the price of 2780 yuan/ton on February 23rd.
This week (2.23-2.27), domestic acetic acid prices have shown a strong upward trend. During the Spring Festival holiday, there was little change in the operating rate of the acetic acid plant, and the market supply performance was sufficient. In some regions, due to the decrease in inventory during the holiday, prices continued to rise after the holiday. Acetic acid prices in North and East China regions followed suit with psychological support. In terms of demand, downstream recovery was slow, and overall market support was insufficient. The price increase of acetic acid was limited. After the Spring Festival, the acetic acid market was consolidated and operated.
Recently, the price of raw material methanol has risen first and then fallen. As of February 27th, the average price in the domestic market was 2155 yuan/ton, a decrease of 2.09% compared to the price of 2201 yuan/ton on February 23rd. The inventory of methanol in the port market has increased, downstream demand is weak, and the price focus has been significantly lowered. The domestic methanol market lacks support, downstream procurement is average, enterprise shipments are limited, methanol prices are weak, and cost pressures on acetic acid have weakened.
The downstream acetic anhydride market is consolidating and operating. From February 23rd to 27th, the average ex factory price of acetic anhydride increased from 4565 yuan/ton to 4570 yuan/ton, an increase of 0.11%. The production of acetic anhydride on the supply side has not changed much, and downstream purchases are made according to demand. The price of acetic acid on the raw material side has risen, and the cost support is relatively strong, resulting in a slight increase in acetic anhydride prices.
Market forecast: According to the acetic acid analyst from Shengyi Society, there are currently no adjustment plans for domestic acetic acid plants, and companies are mainly adopting a wait-and-see attitude. Downstream demand will recover after the holiday, and the market trading atmosphere is optimistic. It is expected that the acetic acid market will be strong and stable in the short term, and attention will be paid to the market supply situation in the future.
| http://www.sulfamic-acid.com |