During the period (7.19-7.26), the acetic acid market in East China was weak, the price trend continued to decline, the raw material side price was mainly volatile, the cost support was limited, the downstream of the demand side was more wait-and-see mentality, the purchase into the market was followed up as required, the overall market trading atmosphere was general, and the acetic acid supply side maintenance equipment was restarted, the market supply increased, and the manufacturer’s goods were weak, the focus of acetic acid negotiation was lower, and the market market was weak.
According to the commodity market analysis system of the business community, as of July 26, the average price of acetic acid in East China was 3166.67 yuan/ton, 2.06% lower than the price of 3233.33 yuan/ton on July 19, 9.83% higher than the beginning of the month. As of July 26th, the market prices of acetic acid in various regions during the week were as follows:
The upstream raw material methanol market first fell and then rose. As of July 26th, the average price in the domestic market was 2255.83 yuan/ton, which is a decrease of 0.62% compared to the price of 2270.00 yuan/ton on July 19th. The high price of raw coal has provided some support for methanol production. In terms of start-up, some methanol plants in the northwest and southwest have recovered in the early stage, leading to an increase in market supply and a downward trend in bearish methanol prices. In the later stage, downstream demand has slightly increased, and the mentality of the operators is optimistic. Methanol prices have slightly increased.
The downstream acetic anhydride market is operating weakly. As of July 26th, the factory price of acetic anhydride was 5137.50 yuan/ton, a decrease of 1.20% compared to the price of 5200.00 yuan/ton on July 19th. The upstream acetic acid price has decreased, the cost of acetic anhydride has decreased, acetic anhydride enterprises are operating steadily, the market supply is sufficient, and downstream demand is limited. The actual market transactions are average, and the price of acetic anhydride has slightly declined.
In the future market forecast, acetic acid analysts from Business Society believe that the maintenance equipment in the acetic acid market has resumed, market supply has increased, and manufacturers’ inventory is still acceptable and maintain active shipments. The enthusiasm of downstream parties to enter the market is average, and market transactions are insufficient. Under the supply and demand game, it is expected that the acetic acid market will be reorganized and operated in the future.
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