According to the Commodity Market Analysis System of Shengyi Society, as of March 26th, the average price of acetic acid was 2810 yuan/ton, a decrease of 1.40% compared to the acetic acid price of 2850 yuan/ton on March 17th, and an increase of 0.36% compared to the beginning of the month.
Recently, the acetic acid market has been weak, and enterprise quotations have been continuously lowered. On the supply side, the utilization rate of acetic acid production capacity has increased, the market supply volume has increased, and the shipping sentiment of enterprises is strong. The enthusiasm of downstream market entry is weak, and a small amount of purchases are closely following demand. The shipment of enterprises is poor, and under the game of supply and demand, the price of acetic acid is weakly lowered.
As of March 26th, the market prices of acetic acid in various regions are as follows:
Region/ On March 17th/ On March 26th/ rise and fall
South China region/ 2875 yuan/ton/ 2825 yuan/ton/ -50
North China region/ 2725 yuan/ton/ 2710 yuan/ton/ -15
Shandong region/ 2830 yuan/ton/ 2750 yuan/ton/ -80
Jiangsu region/ 2700 yuan/ton/ 2650 yuan/ton/ -50
Zhejiang region/ 2875 yuan/ton/ 2850 yuan/ton/ -25
The upstream methanol market is experiencing strong fluctuations. From March 17th to 26th, the average domestic market price increased from 2670.00 yuan/ton to 2679.17 yuan/ton, with an overall increase of 0.34%. In the early stage, the macro market sentiment rebounded, coupled with low inventory and limited loading by some enterprises, and the implementation of planned maintenance for some domestic facilities. The enthusiasm for trade procurement was high, which promoted the strength of the domestic methanol market. Later, downstream resistance caused the market transaction center to fall back.
The downstream acetic anhydride market continues to decline. On March 26th, the average ex factory price of acetic anhydride was 4800.00 yuan/ton, a decrease of 2.29% compared to the price of 4912.50 yuan/ton on March 17th. The upstream acetic acid market is running weakly, the cost of acetic anhydride is bearish, enterprise quotations have been lowered, downstream demand is weak, market transactions are insufficient, and acetic anhydride prices have continued to decline during the cycle.
In terms of future market forecast, the acetic acid analyst from Shengyi Society believes that the acetic acid plant is currently operating stably, with sufficient market supply. Enterprises are actively shipping, and downstream market entry is following up as needed. The trading atmosphere in the market is relatively weak, and it is expected that the acetic acid market will operate in a wait-and-see manner in the short term. Specific attention will be paid to changes in the plant and downstream follow-up situations.
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