Price trend

According to the Commodity Market Analysis System of SunSirs, the price trend of acetic acid remained stable this week. As of August 18th, the average market price of acetic acid was 3,375 RMB/ton, which was the same as the beginning of the week price of 3,375 RMB/ton, with a month on month increase of 0.75%.

Analysis review

This week, the acetic acid market remained stable with small fluctuations, with stable enterprise quotations being the main factor. On the supply side, the utilization rate of acetic acid production capacity had declined. During the week, units such as Seranis and Sop reduced their load and shut down. However, due to poor demand performance, downstream inventory consumption was the main factor, and on-site trading was limited, offsetting the benefits brought by unit maintenance. Only some areas saw a slight increase, and the acetic acid market as a whole stabilized.

The upstream raw material methanol market first rose and then fell. As of August 18th, the average price in the domestic market was 2,411.67 RMB/ton, a decrease of 0.38% compared to the price of 2,420.83 RMB/ton on August 12th. The downstream production of methanol had not changed much, and demand remained weak. The recovery of supply side exceeded the loss, and the utilization rate of production capacity had increased. The methanol supply side was negatively affected, and the overall spot price of methanol was weak.

Downstream acetic anhydride prices remained stable and under observation. On August 18th, the average ex factory price of acetic anhydride was 5,602.50 RMB/ton, unchanged from the price of 5,602.50 RMB/ton on August 12th. The upstream acetic acid market was mainly stable, with average cost support for acetic anhydride. Downstream acetic anhydride followed up as needed, and the market news was quiet. The acetic anhydride market was operating on a wait-and-see basis.

Market outlook

The acetic acid analyst from SunSirs believes that the supply capacity utilization rate was not high, and there was temporarily no pressure on the inventory of manufacturers. Manufacturers had a tendency to explore price increases. As of August 18th, downstream companies were adopting a wait-and-see attitude and following up on market demand. There was a supply-demand stalemate in the market. It is expected that the acetic acid market will consolidate and operate in the short term, and downstream follow-up will be closely monitored in the future.

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