According to the Commodity Market Analysis System of Shengyi Society, the price trend of acetic acid remained stable this week. As of September 27th, the average market price of acetic acid was 3250 yuan/ton, which was the same as the beginning of the week price of 3250 yuan/ton and a decrease of 2.99% compared to the beginning of the month.
This week, the acetic acid market has been running steadily, and enterprise quotations have remained stable. On the supply side, the acetic acid plant is running smoothly, the market supply is steadily increasing, and enterprises are actively shipping; On the demand side, downstream pre holiday stocking sentiment is average, with a focus on restocking as needed. There is a supply-demand stalemate in the market, and industry players are cautious. Acetic acid prices are stable and operating on a wait-and-see basis.
As of September 27th, the market prices of acetic acid in various regions are as follows:
Region/ On September 23rd/ On September 27th/ Rise and fall
South China region/ 3100 yuan/ton/ 3100 yuan/ton/ 0
North China region/ 3150 yuan/ton/ 3150 yuan/ton/ 0
Shandong region/ 3150 yuan/ton/ 3150 yuan/ton/ 0
Jiangsu region/ 2875 yuan/ton/ 2875 yuan/ton/ 0
Zhejiang region/ 2975 yuan/ton/ 2975 yuan/ton/ 0
The upstream raw material methanol market has risen narrowly. As of September 27th, the average price in the domestic market was 2478 yuan/ton, an overall increase of 4.13% compared to the early week price of 2380 yuan/ton. Supported by a macro positive outlook, the domestic methanol market has stopped falling and risen. At the same time, the arrival volume of foreign ships is low, port inventory is depleted, and port methanol prices are also relatively strong. Methanol prices are running strongly before the holiday.
The downstream acetic anhydride market is operating steadily. On September 27th, the average ex factory price of acetic anhydride was 5472.50 yuan/ton, which is the same as the beginning of the week price of 5472.50 yuan/ton. The upstream acetic acid market is mainly stable, with limited cost support for acetic anhydride. Downstream acetic anhydride follows suit as needed, and the market trading atmosphere is still acceptable. The supply and demand in the market are relatively balanced, and the acetic anhydride market remained stable during the week.
Market forecast: According to the acetic acid analyst from Shengyi Society, the acetic acid plant is operating normally on the supply side, and the market supply of goods is stable. There is currently no positive news released; The demand for pre holiday stocking by downstream and trading companies is generally low, and the market trading atmosphere is weak, with a stalemate in the market atmosphere. It is expected that the short-term acetic acid market will continue to be stable, and with limited holiday shipments, the price of acetic acid may weaken and consolidate after the holiday. The downstream market should pay attention to the follow-up situation in the future.
| http://www.sulfamic-acid.com |