According to data from Shengyishe Spot News, as of May 15th, the average price of acetic acid in the market was 3083.33 yuan/ton, a decrease of 186.67 yuan/ton or 5.71% compared to the price of 3270 yuan/ton on May 8th.
Recently, the domestic price of acetic acid has been continuously declining. Although the acetic acid plant has undergone extensive maintenance and supply performance has contracted, downstream demand is weak, coupled with high raw material methanol prices and significant cost pressures. Acetic acid companies have a clear shipping sentiment, and the focus of negotiations continues to shift downwards. The transaction volume in the acetic acid terminal market is average, with rigid demand procurement being the main focus. At the same time, the downstream product operating rate is low, and the demand side support is insufficient. The buyer’s market still dominates, and the price of acetic acid is weakly declining.
Recently, the raw material methanol market has been fluctuating. As of May 15th, the average price in the domestic market was 3137 yuan/ton, an increase of 0.83% compared to the price of 3111 yuan/ton on May 8th. The domestic methanol supply is abundant, with weak operation as the main factor. However, the arrival volume of foreign ships is low, and the export volume is high. The methanol inventory at ports has decreased significantly, which provides some support for the spot market. Downstream demand follows suit, and market prices fluctuate, which has a negative impact on acetic acid.
The downstream acetic anhydride market is operating strongly, with the average ex factory price of acetic anhydride rising from 5750 yuan/ton to 5800 yuan/ton from May 8th to 15th, an increase of 0.87%. Some manufacturers of acetic anhydride on the supply side are undergoing maintenance, resulting in a decrease in market supply and a strong bullish trend among industry players. Acetic anhydride prices have generally increased, while raw material acetic acid prices have fallen, limiting the price increase of acetic anhydride. The acetic anhydride market has seen a narrow upward adjustment.
Market forecast: According to the acetic acid analyst from Shengyi Society, the current operating rate of acetic acid is not high, with some support from the supply side. At the same time, downstream production is insufficient, resulting in poor demand for acetic acid. There is a game of supply and demand in the market, and it is expected that the acetic acid market will fluctuate and consolidate in the short term. We will pay attention to the market supply situation in the future.
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