According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid has remained stable this week. As of September 14th, the average market price of acetic acid was 3200 yuan/ton, which is the same as the price of 3200 yuan/ton on September 9th and a 5.19% decrease compared to last week.
This week, the acetic acid market remained stable with small fluctuations, with enterprise quotations mainly stabilizing. On the supply side, there is currently no pressure on the manufacturer’s inventory, and the Tianjin alkali plant is undergoing maintenance, resulting in a reduction in market supply; On the demand side, the operating rate of downstream industries has decreased, and the demand for acetic acid is limited. Purchasing in the market is mostly followed up according to demand. The trading atmosphere in some areas is not good, and the price of acetic acid has decreased. The atmosphere in the market is deadlocked, and the acetic acid market fluctuates slightly.
As of September 14th, the market prices of acetic acid in various regions are as follows:
Region/ September 9th/ On September 14th/ Rise and fall
South China region/ 3100 yuan/ton/ 3100 yuan/ton/ 0
North China region/ 3150 yuan/ton/ 3150 yuan/ton/ 0
Shandong region/ 3100 yuan/ton/ 3100 yuan/ton/ 0
Jiangsu region/ 2915 yuan/ton/ 2875 yuan/ton/ -40
Zhejiang region/ 3015 yuan/ton/ 2975 yuan/ton/ -40
The upstream raw material methanol market first fell and then rose. As of September 14th, the average price in the domestic market was 2401.67 yuan/ton, an overall increase of 0.91% compared to the price of 2380.00 yuan/ton on September 9th. The increase in domestic methanol production and supply, the month on month increase in unloading of foreign ships, the overall supply has increased, and the price at the beginning of the week has continued to decline; Afterwards, favorable demand was released, port pick-up volume increased, port inventory stopped accumulating and rebounded, and methanol prices stopped falling; But with the holiday approaching, downstream stocking is cautious, and methanol prices will be lowered in the later stage.
The downstream acetic anhydride market is running smoothly. On September 14th, the average ex factory price of acetic anhydride was 5472.50 yuan/ton, which is the same as the price of 5472.50 yuan/ton on September 9th. The upstream acetic acid market is stabilizing and running, with limited cost support for acetic anhydride. Downstream acetic anhydride entering the market is following up as needed, and the market trading atmosphere is still good. Acetic anhydride prices remained stable during the week.
Market forecast: The acetic acid analyst from Shengyi Society believes that there is an expectation for the recovery of acetic acid maintenance equipment on the supply side, and the market supply of goods will increase. Although there is currently no pressure on manufacturers’ inventory, downstream and traders’ demand support is insufficient, and there is a clear trend of oversupply in the market. The market transaction center is relatively low, and it is expected that the acetic acid market will be weakly consolidated in the short term. The market will pay attention to downstream follow-up in the future.
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