According to the commodity market analysis system of Shengyishe, the price trend of acetic acid in June first rose and then fell. As of June 30th, the price was 3080 yuan/ton, which was a decrease of 70 yuan/ton compared to the beginning of the month’s acetic acid price of 3150 yuan/ton, with an overall decrease of 2.22%.
As of the end of the month, the price details of acetic acid market in various regions of China in June are as follows:
Region/ June 3rd/ June 14th/ June 28th
South China region/ 3125 yuan/ton/ 3175 yuan/ton/ 3100 yuan/ton
North China region/ 3150 yuan/ton/ 3300 yuan/ton/ 3100 yuan/ton
Shandong region/ 3150 yuan/ton/ 3350 yuan/ton/ 3080 yuan/ton
Jiangsu region/ 3075 yuan/ton/ 3125 yuan/ton/ 2955 yuan/ton
Zhejiang region/ 3175 yuan/ton/ 3225 yuan/ton/ 3055 yuan/ton
The acetic acid market rose first and then fell in June. In the first half of the month, the main factories on site experienced frequent equipment failures, resulting in a reduction in market supply. The manufacturers had a positive attitude, and the price of acetic acid remained strong and rising; With the restoration of maintenance equipment, the mentality of manufacturers has weakened, coupled with a wait-and-see attitude of downstream and traders, the market trading atmosphere is weak. In the second half of the month, acetic acid manufacturers voluntarily lowered their prices. Later, as the supply of acetic acid in the market increased, manufacturers showed a clear intention to reduce inventory, and acetic acid prices continued to decline.
The methanol market on the raw material side is operating weakly. As of June 30th, the average price in the domestic market was 2554.17 yuan/ton, a decrease of 7.51% overall compared to the beginning price of 2761.67 yuan/ton. 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 the market trading is poor. The weak consolidation of methanol prices is the main trend.
Market forecast: Business Society analysts believe that currently, many acetic acid enterprises are operating smoothly, with sufficient market supply. Enterprises are actively shipping, while downstream buyers are not very active. The market mentality is mainly wait-and-see, with limited on exchange trading. It is expected that the acetic acid market will be weak and stable in the future, with narrow price fluctuations. Specific attention will be paid to downstream restocking in the future.
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