According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid has continued to decline this week. On October 25th, the average price of acetic acid was 2950 yuan/ton, and on October 19th, it was 3050 yuan/ton. The price decreased by 100 yuan/ton during the week, a decrease of 3.28%.
This week, the acetic acid market has been weakly declining, and enterprise quotations have continued to fall. On the supply side, the acetic acid plant on site is operating normally, the market supply is sufficient, the enterprise inventory pressure is high, and the shipping sentiment is strong; On the downstream side, the entry into the market for goods is average, with a focus on small quantities as needed. The market trading is weak, and the atmosphere in the market is bearish, resulting in a continuous decline in acetic acid prices.
As of October 25th, the market prices of acetic acid in various regions are as follows:
Region/ On October 18th/ On October 25th/ Rise and fall
South China region/ 2875 yuan/ton/ 2875 yuan/ton/ 0
North China region/ 2875 yuan/ton/ 2875 yuan/ton/ 0
Shandong region/ 2950 yuan/ton/ 2850 yuan/ton/ -100
Jiangsu region/ 2750 yuan/ton/ 2725 yuan/ton/ -25
Zhejiang region/ 2850 yuan/ton/ 2825 yuan/ton/ -25
The upstream methanol market first fell and then rose. From October 19th to 25th, the average price in the domestic market increased from 2439.17 yuan/ton to 2445.83 yuan/ton, with an overall increase of 0.27%. At the beginning of the week, methanol continued to decline in the previous week’s market trend. After the price fell to a low level, downstream inquiries and purchases increased, boosting the methanol market. In addition, with the recent increase in shipping costs, methanol prices rebounded and rose accordingly.
The downstream acetic anhydride market is weak and declining. On October 25th, the average ex factory price of acetic anhydride was 5122.50 yuan/ton, a decrease of 2.06% compared to the price of 5230.00 yuan/ton on October 19th. The upstream acetic acid market is weak and declining, the cost support for acetic anhydride is weak, the enthusiasm for downstream entry into the market for acetic anhydride is not high, the actual market orders are limited, and the mentality of industry players is bearish, resulting in a decline in acetic anhydride prices.
Market forecast: Business Society’s acetic acid analyst believes that the acetic acid plant is operating normally, the market supply is stable, and there is inventory pressure on enterprises; Downstream and traders are following up as needed, and the market trading atmosphere is relatively weak, with strong supply and weak demand on the market. It is expected that the short-term acetic acid market will continue to consolidate weakly, and attention will be paid to downstream follow-up in the future.
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