According to the commodity market analysis system of Shengyishe, the price of acetic acid fell first and then rose this week. On January 5th, the average market price of acetic acid was 3150 yuan/ton, a decrease of 50 yuan/ton compared to the price of 3200 yuan/ton on January 1st, a decrease of 1.56%, and a decrease of 13.70% compared to the previous month.
This week, the acetic acid market first fell and then rose. During the New Year’s Day period, manufacturers had poor sales and accumulated inventory. Some manufacturers lowered their prices, but when the holiday came back, downstream procurement remained weak. The market trading atmosphere was sluggish, and business owners had a bearish attitude. The acetic acid quotation was lowered again. As the price continued to decline, downstream low-priced buying operations increased in the later part of the week, and on-site trading improved. Some manufacturers increased their prices, but the overall increase was limited. As of January 5th, the market prices for acetic acid in various regions during the week are as follows:
Region/ December 29th/ January 5th/ Rise and fall
South China region/ 3050 yuan/ton/ 2975 yuan/ton/ -75
North China region/ 3000 yuan/ton/ 2950 yuan/ton/ -50
Shandong region/ 3100 yuan/ton/ 3050 yuan/ton/ -50
Jiangsu region/ 3025 yuan/ton/ 3000 yuan/ton/ -25
Zhejiang region/ 3125 yuan/ton/ 3100 yuan/ton/ -25
The upstream raw material methanol market fluctuated and fell. On January 5th, the average price in the domestic market was 2409 yuan/ton, a decrease of 1.67% compared to the price of 2450 yuan/ton on January 1st. Methanol production rate is relatively high, enterprise inventory is high, market supply is increasing, on-site mentality is empty, and manufacturers have a strong intention to ship. Some methanol production enterprises have lowered prices and offered discounts to ship, but the increase in demand is limited. Downstream inventory is high, and purchasing sentiment is average. Market trading is weak, and methanol prices are operating weakly.
The downstream acetic anhydride market is weak and declining. On January 5th, the factory price of acetic anhydride was 5837.50 yuan/ton, a decrease of 1.27% compared to the price of 5912.50 yuan/ton on January 1st. After the New Year’s Day holiday, acetic anhydride enterprises resumed production, manufacturer inventories increased, and market spot supply was sufficient. However, downstream entry into the market for goods was weak, mainly based on demand. In addition, the decrease in raw material acetic acid prices and cost bearish effects led to a decrease in acetic anhydride prices.
In the future market forecast, the acetic acid analyst from Business Society believes that the utilization rate of acetic acid production capacity is relatively high, and the market supply is sufficient. Manufacturers actively ship to alleviate inventory pressure, while downstream market entry enthusiasm is weak. Purchasing is mainly based on demand, and there is a lack of effective positive support on the demand side. However, the supplier actively arranges inventory, intends to maintain low inventory operation in the later stage, and short-term prices may rise. Overall, the market supply and demand game is in place, It is expected that the acetic acid market will fluctuate and consolidate in the future.
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