According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid has declined after the holiday. On October 12th, the average price of acetic acid was 3200 yuan/ton, and on October 8th, the average price of acetic acid was 3250 yuan/ton. The price decreased by 50 yuan/ton during the week, a decrease of 1.54%.
This week, the acetic acid market has been weak, and enterprise quotations have fallen. On the supply side, the acetic acid plant on site is operating normally, and the market supply continues to increase, leading to strong shipping sentiment among enterprises; On the downstream side, the enthusiasm for restocking after the holiday is not high, and market trading is weak. Holders of goods have lowered their prices to promote shipments, but market demand is limited, and the acetic acid market is weakly declining.
As of October 12th, the market prices of acetic acid in various regions are as follows:
Region/ On October 8th/ On October 12th/ Rise and fall
South China region/ 3100 yuan/ton/ 2975 yuan/ton/ -25
North China region/ 3150 yuan/ton/ 3100 yuan/ton/ -50
Shandong region/ 3150 yuan/ton/ 3100 yuan/ton/ -50
Jiangsu region/ 2875 yuan/ton/ 2825 yuan/ton/ -50
Zhejiang region/ 2975 yuan/ton/ 2925 yuan/ton/ -50
The upstream methanol market fluctuated widely. From October 8th to 12th, the average price in the domestic market dropped from 2620 yuan/ton to 2551 yuan/ton, with an overall increase of 2.64%. Returning from the holiday, the domestic methanol market rose and then fell back to a high level, before rebounding again. After the holiday, demand changes are limited, supply has increased, and inventory in mainland China and ports has accumulated. The on-site supply is strong and demand is weak, and the methanol market price is weak and operating.
The downstream acetic anhydride market is weak and declining. On October 12th, the average ex factory price of acetic anhydride was 5297.50 yuan/ton, a decrease of 3.20% compared to the price of 5472.50 yuan/ton on October 8th. The upstream acetic acid market is consolidating weakly, the cost support for acetic anhydride is weakening, downstream demand for acetic anhydride is poor after the holiday, market trading is limited, and industry sentiment is bearish. The acetic anhydride market fell during the week.
In the future market forecast, the acetic acid analyst from Shengyi Society believes that the utilization rate of acetic acid production capacity on the supply side is relatively high, the market supply is sufficient, and the mentality of industry players is mainly bearish; Downstream and traders’ restocking sentiment is not high, the market trading atmosphere is weak, and the supply on the market is strong and demand is weak. It is expected that the short-term acetic acid market will be weak and consolidated, and downstream follow-up will be closely monitored in the future.
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