Price trend

According to data monitoring by SunSirs, as of March 26, the average price of acetic acid in East China was 3,200.00 RMB/ton, which was the same as the price on March 20, with an increase of 1.59% compared to the beginning of the month.

Analysis review

The domestic acetic acid market was operating on a wait-and-see basis. The utilization rate of on-site acetic acid production capacity was relatively high, and the market supply was relatively sufficient. Enterprises were actively shipping, and downstream companies followed up on demand. The enthusiasm for entering the market to purchase goods was general. The on-site trading atmosphere was light, and under the supply and demand game, the price of acetic acid was temporarily stable.

The upstream raw material methanol market was operating in a volatile manner. As of March 26, the average price in the domestic market was 2,593 RMB/ton, an overall decrease of 0.95% compared to the price of 2,618 RMB/ton on March 20. The raw material coal market was dominated by wait-and-see consolidation, with a lack of positive support on the cost side. At the same time, the spot buying performance was weak, and the methanol market was weaker in consolidation.

The downstream acetic anhydride market was sorted up. As of March 26, the factory price of acetic anhydride was 5,337 RMB/ton, an increase of 1.18% compared to the price of 5,275 RMB/ton on March 20. The upstream acetic acid price was stable, and the cost support for acetic anhydride was limited. The downstream of acetic anhydride followed up on demand. The market negotiation atmosphere was good, and the price of acetic anhydride increased slightly.

Market outlook

According to the acetic acid analyst from SunSirs, the acetic acid market had sufficient supply, while downstream demand was weak. The market followed up on demand. According to market information, acetic acid manufacturers in the northwest region had maintenance plans, and the supply of acetic acid may be less. It is expected that the acetic acid market will increase slightly in the future, with specific attention paid to downstream follow-up.

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