According to the Commodity Market Analysis System of Shengyi Society, as of December 24th, the average market price of acetic acid was 2720 yuan/ton, an increase of 60 yuan/ton or 2.26% compared to the price of 2660 yuan/ton on December 17th.
Recently (12.17-12.24), the domestic acetic acid market has risen again. On the supply side, the recovery of maintenance equipment is slow, the operating rate of acetic acid is not high, factory inventory is low, and the price of acetic acid remains high and firm. Downstream inquiries have increased, and the market sentiment is optimistic. Some companies’ inventory has decreased, and the price of acetic acid continues to rise.
Recently, the price of raw material methanol has fluctuated strongly. As of the 24th, the average price in the domestic market was 2160 yuan/ton, an increase of 1.60% compared to the price of 2126 yuan/ton on December 17th. The tight circulation in the port market has supported a strong rise in spot prices. At the same time, the domestic methanol market is supported by winter freight rates, and enterprise quotations have shown strong performance. Downstream market entry follows demand, and the methanol market is fluctuating.
The downstream acetic anhydride market is relatively strong and rising. From December 17th to 24th, the average ex factory price of acetic anhydride was reduced from 4170 yuan/ton to 4162.50 yuan/ton, a decrease of 0.18%. The upstream acetic acid market is strong, and the cost of acetic anhydride continues to increase. There is no significant fluctuation in downstream demand, and enterprise shipments are weak. The market mentality is deadlocked, and the price of acetic anhydride has slightly decreased during the cycle.
In terms of future market forecast, the acetic acid analyst from Shengyi Society believes that there are many domestic acetic acid plants undergoing maintenance, and the market supply pressure is not high. Downstream demand is stable, and enterprise shipments are good. The fundamentals continue to be favorable, and it is expected that the acetic acid market will continue to operate strongly in the later stage. The market supply situation will be closely monitored in the future.
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