According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid has slightly increased this week. On the 29th, the average market price of acetic acid was 2420 yuan/ton, an increase of 20 yuan/ton from the price of 2400 yuan/ton on August 25th, an increase of 0.83%. Domestic acetic acid prices are running strongly, with price trends rising in various regions. On the supply side, the Shunda plant in Henan has shut down, resulting in a decrease in the utilization rate of acetic acid production capacity. At the same time, the traditional peak season is approaching, and the mentality of enterprises is improving. Acetic acid quotations are mainly rising, and downstream demand is steadily following up. The market trading atmosphere is still good, and the company’s shipments are good. The acetic acid market is consolidating and rising.
Recently, the upstream methanol market has been weak and declining. As of the 29th, the average price in the domestic market was 2241 yuan/ton, a decrease of 2.82% compared to the price of 2306 yuan/ton on August 25th. Domestic methanol facilities have been restored, and market supply has increased. However, the demand support in the mainland market is insufficient, and high priced gas purchases in the market are not good, resulting in a decline in the focus of methanol transactions.
The downstream acetic anhydride market saw a narrow upward adjustment, with the average ex factory price of acetic anhydride rising from 4082.50 yuan/ton to 4092.50 yuan/ton from August 25th to 29th, an increase of 0.24%. The upstream acetic acid market is relatively strong, and the mentality of industry players is optimistic. The upward momentum of acetic anhydride is increasing, while downstream purchasing is mainly based on demand. The market trading atmosphere is still good, and the price trend of acetic anhydride is rising under the support of favorable costs.
Market forecast: The acetic acid analyst from Shengyi Society believes that although the utilization rate of acetic acid production capacity has decreased during the week, it is still at a relatively high level overall. The market inventory performance is sufficient, and the supply side support is limited. At the same time, downstream market conditions are mostly wait-and-see, and the market replenishment demand is not high. The fundamentals in the market are weak, and it is expected that the acetic acid market will fluctuate and consolidate in the later stage. We will pay attention to downstream follow-up in the future.
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