According to the Commodity Market Analysis System of Business Society, the price of acetic acid first rose and then fell in mid to late June. As of June 27th, the average market price of acetic acid was 3130 yuan/ton, a decrease of 120 yuan/ton compared to the price of 3250 yuan/ton on June 11th, with an overall decrease of 3.69%.
The acetic acid market rose first and then fell in the middle and later stages. In the early stage, there was maintenance of acetic acid plants on the site, which led to a reduction in market supply. Business owners had a positive attitude, resulting in an increase in the price of acetic acid; But with the recovery of maintenance equipment, the mentality of manufacturers has weakened. In addition, the enthusiasm of upstream and downstream market entry is not high, and the market trading atmosphere is weak. The mentality of operators is bearish, and the quotation of acetic acid manufacturers has been lowered. Later, as the supply of acetic acid in the market increases, the intention of manufacturers to discharge inventory is obvious, and the quotation of acetic acid continues to decline.
As of June 27th, the market prices of acetic acid in various regions are as follows:
Region/ June 11th/ June 27th/ Rise and fall
South China region/ 3135 yuan/ton/ 3125 yuan/ton/ -10
North China region/ 3225 yuan/ton/ 3125 yuan/ton/ -100
Shandong region/ 3250 yuan/ton/ 3130 yuan/ton/ -120
Jiangsu region/ 3100 yuan/ton/ 3000 yuan/ton/ -100
Zhejiang region/ 3200 yuan/ton/ 3100 yuan/ton/ -100
The upstream raw material methanol market is operating weakly. As of June 27th, the average price in the domestic market was 2530 yuan/ton, a decrease of 2.69% compared to the price of 2600 yuan/ton on June 11th. The overall supply of methanol in the market is sufficient, with downstream on-demand procurement being the main focus. The receiving sentiment is weak, and market trading is poor. Methanol prices remain weak and consolidated.
The downstream acetic anhydride market first rose and then fell. On June 27th, the factory price of acetic anhydride was 5447.50 yuan/ton, a decrease of 0.05% compared to the price of 5450.00 yuan/ton on June 11th. The upstream acetic acid market is mainly operating weakly, with a bearish cost side for acetic anhydride. At the same time, the acetic anhydride market has sufficient supply, downstream purchases on demand, and limited on exchange trading. The upstream market is driving the weak consolidation of the acetic anhydride market.
In the future market forecast, the acetic acid analyst from Business Society believes that the main acetic acid factories on the market are currently operating normally, with high capacity utilization. Although there is currently no inventory pressure on the enterprise, downstream demand is limited, and market trading is mainly based on demand. In the situation of supply exceeding demand, it is expected that the short-term acetic acid market will be weak and consolidation, and prices may slightly decline. In the future, attention will be paid to downstream follow-up.
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