According to the Commodity Market Analysis System of Shengyi Society, on April 23rd, the price of acetic acid, Xiaoaoting, was at an average market price of 2800 yuan/ton, a decrease of 30 yuan/ton from yesterday’s price, a decrease of 1.06%, and a decrease of 0.36% compared to the beginning of the month.
The domestic acetic acid market is running weakly, and market prices in various regions have been partially lowered. The load of Yanzhou mining equipment on the supply side has increased, the utilization rate of acetic acid production capacity has increased, and the downstream market enthusiasm is not high. A small amount of follow-up is mainly based on demand, and the company’s shipments are poor. The market mentality is bearish, and the price trend of acetic acid has been lowered.
On April 23rd, the market prices of acetic acid in various regions are as follows:
Region/ On April 22nd/ On April 23rd/ rise and fall
South China region/ 2675 yuan/ton/ 2675 yuan/ton/ 0
North China region/ 2765 yuan/ton/ 2725 yuan/ton/ -40
Shandong region/ 2780 yuan/ton/ 2750 yuan/ton/ -30
Jiangsu region/ 2555 yuan/ton/ 2555 yuan/ton/ 0
Zhejiang region/ 2765 yuan/ton/ 2765 yuan/ton/ 0
The upstream raw material methanol price trend is relatively strong and has been raised. On April 23rd, the average price in the domestic market was 2430 yuan/ton, an increase of 1.67% compared to yesterday’s price of 2390 yuan/ton. The methanol plant on the supply side has been shut down, and the market supply is somewhat tight. At the same time, the inventory of enterprises is low, and downstream demand is still acceptable. The market trading atmosphere is good, and the methanol market is relatively strong and stable.
On April 23rd, the downstream acetic anhydride market remained stable, with an average ex factory price of 4750 yuan/ton, unchanged from yesterday’s price. The upstream acetic acid market has declined, and the cost support for acetic anhydride has weakened. Downstream market entry has followed suit as needed, and market trading has remained stable. The acetic anhydride market is operating in a wait-and-see manner.
Market forecast: Business Society’s acetic acid analyst believes that the increase in domestic acetic acid plant construction will increase the pressure on on-site supply, and downstream demand will follow suit, which will limit support for acetic acid and lack market benefits. It is expected that the acetic acid market will weaken and consolidate, and attention will be paid to downstream follow-up in the future.
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