According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid continued to rise in September. As of September 30th, the price was 2640 yuan/ton, an increase of 210 yuan/ton or 8.64% compared to the acetic acid price of 2430 yuan/ton at the beginning of the month.
The acetic acid price market was strong in September. The utilization rate of acetic acid production capacity continued to decrease during the month, and the market inventory was not high. At the same time, downstream demand increased during the traditional peak season, and enterprise shipments were smooth. Manufacturers’ inventory continued to decline, and the market fundamentals showed less supply and more demand. The intention of industry players to rise continued, and the price of acetic acid continued to rise during the month.
The raw material methanol market is fluctuating and operating weakly. As of September 30th, the average price in the domestic market was 2237 yuan/ton, a decrease of 0.71% compared to the beginning of the month price of 2253 yuan/ton. The import volume of methanol at domestic ports continues to be high, and inventory pressure still exists. The mainland market is fluctuating due to supply and demand as well as cost factors. The continuous pressure on the supply side has led to the accumulation of enterprise inventory. The pre holiday inventory of enterprises combined with the impact of low-priced port sources has resulted in downstream production only on demand, and the monthly methanol market has once again declined.
Market forecast: Business analysts believe that the acetic acid market will remain strong and stable in the near future, with low capacity utilization on the supply side, little inventory pressure on enterprises, active downstream entry into the market, good trading atmosphere, and follow-up replenishment after the holiday. Market expectations continue to be optimistic, and it is expected that the acetic acid market will operate at a high level in the later period. Specific attention should be paid to downstream follow-up.
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