As of June 25th, the average market price of acetic acid was 3056.67 yuan/ton, an increase of 36.67 yuan/ton or 1.21% compared to the price of 3020 yuan/ton on June 18th.
Recently, the domestic acetic acid market has seen a narrow upward trend. The price of raw material methanol has fallen, and the cost of acetic acid has loosened, which has suppressed the acetic acid market; On the supply side, the operating rate of the acetic acid plant is not high. At the end of the month, the company’s long-term contract orders are being executed, and overall inventory pressure is not significant. The market mentality is mainly strong; Due to limited trading in the terminal market and downstream on-demand purchasing, coupled with a fundamental supply-demand game, the price of acetic acid saw a slight increase during the week.
Recently, the raw material methanol market has been weak and declining. As of June 25th, the average price in the domestic market was 2713 yuan/ton, a decrease of 6.96% compared to the price of 2916 yuan/ton on June 18th. The expected increase in the methanol port market has led to a weak mentality among industry players and a downward shift in price focus; Domestic methanol demand has entered the traditional off-season, with low enthusiasm for entering the market and a poor trading atmosphere on site. Many companies offer discounts for shipments, resulting in a significant decrease in methanol prices during the week.
The downstream acetic anhydride market is weak and consolidating. From June 18th to 25th, the average ex factory price of acetic anhydride fell from 5330 yuan/ton to 5312.50 yuan/ton, a decrease of 0.33%. The production of acetic anhydride on the supply side is stable, and there has been an increase in spot goods in the market. On the demand side, downstream follow-up is insufficient, and on-site trading performance is mediocre. The fundamental supply exceeds demand, and the industry’s market mentality is poor. Acetic anhydride prices have slightly decreased during the week.
Market forecast: Analysts believe that the current operating rate of acetic acid is not high, coupled with some companies having maintenance plans in July, the market sentiment is optimistic, downstream product market is weak, demand support is average, and the rise of acetic acid market is limited. It is expected that the short-term acetic acid market will be observed and adjusted, and specific attention will be paid to market supply and downstream follow-up situation.
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