According to the Commodity Market Analysis System of Business Society, the price trend of acetic acid in April was fluctuating, with an average price of 3283.33 yuan/ton at the beginning of the month and 3233.33 yuan/ton at the end of the month. The overall decline during the month was 1.52%, and the price decreased by 24.10% year-on-year.
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As of the end of the month, the details of acetic acid market prices in various regions of China in April are as follows:
Region/ April 3rd/ April 17th/ April 28th
South China region/ 3175 yuan/ton/ 3125 yuan/ton/ 3125 yuan/ton
North China region/ 3225 yuan/ton/ 3050 yuan/ton/ 3025 yuan/ton
Shandong region/ 3125 yuan/ton/ 3075 yuan/ton/ 3025 yuan/ton
Jiangsu region/ 3025 yuan/ton/ 3000 yuan/ton/ 3000 yuan/ton
Zhejiang region/ 3125 yuan/ton/ 3100 yuan/ton/ 3100 yuan/ton
At the beginning of the month, the maintenance equipment of acetic acid enterprises resumed production, and the supply of acetic acid increased. Downstream demand was sluggish, and manufacturers promoted a reduction in shipping prices, causing the focus of market transactions to shift downwards; In the middle of the year, the price of raw material methanol increased, and cost support was positive. Downstream follow-up was active, and acetic acid manufacturers’ shipments were smooth, and the price trend continued to rise; At the end of the month, downstream purchasing enthusiasm weakened, market transactions were light, and the acetic acid market consolidation declined.
The raw material methanol market has fluctuated and fallen, with an average domestic market price of 2423.33 yuan/ton at the end of the month, which is 5.27% lower than the price of 2561.67 yuan/ton on April 1st. The price of raw coal is relatively low, and there is a lack of favorable support on the cost side. The methanol market is abundant in terms of supply, and downstream purchasing follow-up is insufficient. The demand side is bearish, and the methanol price market is weak.
The downstream acetic anhydride market was relatively weak in April, with a price of 5450.00 yuan/ton at the end of the month, a decrease of 0.23% compared to the price of 5462.50 yuan/ton at the beginning of the month. The price of raw material acetic acid has fluctuated and decreased, cost support has weakened, acetic anhydride manufacturers are operating at a low level, market supply is insufficient, and the business attitude is wait-and-see. Enterprise quotations are mainly stabilizing, and the acetic anhydride market fluctuates in a narrow range.
Analysts from the Business Society believe that some acetic acid companies are operating at low levels due to cost pressures, with no inventory pressure from manufacturers, poor enthusiasm for downstream procurement on the demand side, insufficient transactions on the market, weak rise in the acetic acid market, and supply and demand stalemate. It is expected that the acetic acid market will mainly consolidate in the future, and specific attention will be paid to downstream follow-up changes.
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