The price trend of acetic acid in August first fell and then rose. As of August 31, the average market price was 3310.00 yuan/ton, an increase of 86.67 yuan/ton compared to the beginning of the month when the acetic acid price was 3223.33 yuan/ton, an increase of 2.69% within the month.
At the beginning of the month, the market was affected by weak demand, downstream follow-up was not smooth, enterprise shipments were hindered, inventory accumulated in some areas, and acetic acid prices fell slightly; In the second half of the year, due to the centralized maintenance of the acetic acid plant, the supply side tightened, and the increasing intention of enterprises to rise, coupled with strong export demand and rising prices of raw material methanol, the price of acetic acid continued to rise, and the overall trend was significantly upward.
The methanol market rose strongly in August. As of August 31st, the average market price was 3096 yuan/ton, an increase of 17.81% compared to the beginning of the month price of 2628 yuan/ton. Affected by geopolitical conflicts, the expected reduction in methanol imports has provided positive support for port prices, leading to a strong market sentiment; Centralized maintenance of domestic facilities within the month, tightening of domestic supply, and high sentiment among manufacturers have driven up prices continuously; Driven by low inventory factors, methanol prices remain at a high level. The raw material methanol has a strong support for acetic acid, and the cost advantage is obvious.
Market forecast: Acetic acid enterprises have low inventory, and the market supply will remain tight in the short term. Downstream demand will follow up, and combined with traditional peak season expectations, the fundamentals will be more favorable. It is expected that the acetic acid market will continue to operate strongly in September, and specific attention will be paid to the restart of equipment and downstream follow-up.
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