The domestic acetic acid market is weak and weak, with low raw material prices and insufficient cost support. Downstream demand on the demand side is not good, and purchasing in the market just needs to follow up. In the early stage, the acetic acid plant maintenance was carried out on the market, but due to light market trading, the performance of the acetic acid rise was weak, and the transaction center remained low. In the later stage, the maintenance plant restarted, the market supply increased, and the confidence of the industry was insufficient, resulting in a significant decline in acetic acid prices.
According to the commodity market analysis system of the business community, as of June 20, the average price of acetic acid in East China was 2933.33 yuan/ton, down 8.81% from the price of 3216.67 yuan/ton on June 1, and down 11.11% month on month. As of June 20th, the market prices of acetic acid in various regions during the week were as follows:
The upstream raw material methanol market fluctuated at a low level. As of June 20th, the average price in the domestic market was 2091.67 yuan/ton, a decrease of 3.24% compared to the price of 2161.67 yuan/ton on June 1st. The price of raw coal has decreased, the support for methanol production costs has weakened, and downstream traditional industries have entered the off-season, resulting in weak demand performance. The methanol market has become stagnant and organized, and the spot price of methanol has fluctuated.
The downstream acetic anhydride market is weak and declining. As of June 20th, the factory price of acetic anhydride was 5062.50 yuan/ton, a decrease of 6.03% compared to the price of 5387.50 yuan/ton on June 1st. Upstream acetic acid prices have fallen, acetic anhydride costs have decreased, raw material support has weakened, acetic anhydride enterprises are operating normally, market supply is sufficient, while downstream demand is weak, market trading is sluggish, and acetic anhydride prices have significantly decreased.
In the future market forecast, the acetic acid analyst of the Business Society believes that the on-site acetic acid maintenance device is currently restarting, the market supply is increasing, and downstream parties follow up on demand. The intention to hoard goods is not good, the actual market transactions are limited, and there is a lack of positive information on the market. Under the supply and demand game, it is expected that the acetic acid market will be weak and organized in the later stage, and specific attention will be paid to downstream follow-up.
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