According to the Commodity Market Analysis System of Shengyi Society, as of January 24th, the average price of acetic acid was 2950 yuan/ton, a decrease of 80 yuan/ton compared to the acetic acid price of 3030 yuan/ton on January 20th, a decrease of 2.64%, and a decrease of 0.67% compared to the beginning of the month.
This week, the acetic acid market has been running weakly, with fluctuating quotes from companies. On the supply side, the utilization rate of domestic production capacity remains high, factory inventory is under pressure, and downstream pre holiday stocking is gradually coming to an end. The enthusiasm for entering the market has weakened, and the trading atmosphere in the market is light. Among them, shipments in Shandong and North China regions are poor, and the transaction center of the acetic acid market has shifted downwards.
As of January 24th, the market prices of acetic acid in various regions are as follows:
Region/ On January 20th/ On January 24th/ Rise and fall
South China region/ 2875 yuan/ton/ 2875 yuan/ton/ 0
North China region/ 2865 yuan/ton/ 2835 yuan/ton/ -30
Shandong region/ 2910 yuan/ton/ 2860 yuan/ton/ -50
Jiangsu region/ 2775 yuan/ton/ 2800 yuan/ton/ +25
Zhejiang region/ 2925 yuan/ton/ 2925 yuan/ton/ 0
The upstream methanol market is consolidating weakly. From January 20th to 24th, the average price in the domestic market decreased from 2659 yuan/ton to 2635 yuan/ton, with an overall decline of 0.90%. The domestic methanol market first fell and then rose. Downstream pre holiday stocking was poor, market buying was weak, production enterprises offered more discounts for shipments, methanol prices continued to decline, and later external prices remained stable. Negative factors weakened, and domestic methanol market prices rebounded slightly.
The downstream acetic anhydride market saw a slight increase, with an average ex factory price of 5097.50 yuan/ton on January 24th, an increase of 0.30% compared to the price of 5082.50 yuan/ton on January 20th. The upstream acetic acid market is fluctuating, with average cost of acetic anhydride. Downstream pre holiday stocking is still acceptable, and the market trading atmosphere is good. Acetic anhydride prices are consolidating and rising.
Market forecast: Business Society’s acetic acid analyst believes that the current utilization rate of acetic acid production capacity is high, the market supply is sufficient, and downstream purchases before and after the holiday have been basically completed. Actual transactions are limited, and the market mentality is mainly wait-and-see. Under the performance of supply and demand, it is expected that the acetic acid market will be weakly consolidated after the holiday, and downstream follow-up will be closely monitored in the future.
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