According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid in September first rose and then fell. As of September 29th, the price was 3250 yuan/ton, a decrease of 100 yuan/ton compared to the price of 3350 yuan/ton at the beginning of the month, a decrease of 2.99% during the month.
As of the end of the month, the market price details of acetic acid in various regions of China in September are as follows:
Region/ On September 1st/ On September 14th/ September 29th
South China region/ 3225 yuan/ton/ 3100 yuan/ton/ 3100 yuan/ton
North China region/ 3250 yuan/ton/ 3150 yuan/ton/ 3150 yuan/ton
Shandong region/ 3150 yuan/ton/ 3100 yuan/ton/ 3150 yuan/ton
Jiangsu region/ 2950 yuan/ton/ 2875 yuan/ton/ 2875 yuan/ton
Zhejiang region/ 3050 yuan/ton/ 2975 yuan/ton/ 2975 yuan/ton
The acetic acid market remained weak and consolidated in September. At the beginning of the month, the price of acetic acid continued to decline, following the trend of the end of August. On the supply side, the utilization rate of acetic acid production capacity was high, and factory inventory continued to accumulate. However, downstream inquiries were sluggish, and market trading was weak, resulting in a weak downward trend in the acetic acid market; Mid month, downstream restocking was average before and after the Mid Autumn Festival holiday, and the market trading atmosphere was relatively weak. Acetic acid prices remained stable; In the latter half of the year, there was some improvement in shipment transactions in Shandong region, with a slight increase in acetic acid prices. However, the overall market supply was high, and downstream consumption inventory was limited. Acetic acid remained stable and watchful in the later stage.
The methanol market on the raw material side is fluctuating and consolidating. As of September 29th, the average price in the domestic market was 2518.33 yuan/ton, an overall increase of 1.55% compared to the beginning of the month price of 2480.0 yuan/ton. In the first half of the year, the methanol market continued to decline, mainly due to the continuous expansion of the supply side and insufficient follow-up of downstream demand, resulting in a continued decline in the methanol market; In the second half of the year, the demand for methanol was relatively good, with low arrival of foreign ships and destocking of port inventory. With the support of a macro positive trend, the methanol market saw a narrow upward trend.
Market forecast: Business Society analysts believe that the current price of acetic acid is mostly stable, with downstream demand as the main factor. The market trading atmosphere is weak, and the supply side of acetic acid is stable with a lack of positive news. On the demand side, downstream wait-and-see mentality is the main factor, and market transactions are limited. The supply and demand in the market are deadlocked, and it is expected that acetic acid prices will fluctuate weakly in the future. Specific attention should be paid to downstream replenishment situation in the future.
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