According to the Commodity Market Analysis System of Shengyi Society, as of February 6th, the average market price of acetic acid was 2753.33 yuan/ton, a decrease of 76.67 yuan/ton or 2.71% compared to the price of 2830.00 yuan/ton on February 1st.
This week (2.1-2.6), domestic acetic acid prices continued to decline. On the supply side, the utilization rate of acetic acid production capacity fluctuated narrowly, and the intention of enterprises to ship increased. Downstream pre holiday stocking sentiment was not high, and market purchases were followed up on demand. The market trading atmosphere was poor, and in order to promote shipments, vinegar prices generally fell, resulting in a weak downward trend in the acetic acid market during the week.
Recently, the price of raw material methanol has fluctuated weakly. As of February 6th, the average price in the domestic market was 2223 yuan/ton, a decrease of 1.85% compared to the price of 2265 yuan/ton on February 1st. The high inventory of methanol in the port market and average downstream procurement have led to a downward shift in the price center, resulting in a weakening of the spot market. The domestic methanol market has poor trading, with limited new transactions on the market and weak supply and demand performance. Methanol prices have declined, and the pressure on acetic acid from the cost side has weakened.
The downstream acetic anhydride market saw a narrow decline, with the average ex factory price of acetic anhydride dropping from 4590 yuan/ton to 4565 yuan/ton from February 1st to 6th, a decrease of 0.51%. The operating rate of acetic anhydride on the supply side is not high, and downstream entry into the market is mainly based on demand. Enterprises are adopting a wait-and-see attitude, and the price of acetic anhydride on the raw material side is weakening. The negative impact on cost is driving the weak operation of acetic anhydride prices in the upstream.
In terms of future market forecast, the acetic acid analyst from Shengyi Society believes that there is not much expected fluctuation in the operating rate of domestic acetic acid plants before the holiday, and companies are maintaining their shipping pace. Downstream stocking is coming to an end, and the market trading atmosphere is relatively weak. It is expected that the acetic acid market will stabilize and operate in the later stage, and attention will be paid to the market supply situation in the future.
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