Price trend
According to the Commodity Market Analysis System of SunSirs, the price of acetic acid remained stable this week. As of September 14th, the average market price of acetic acid was 3,200 RMB/ton, which was the same as the price of 3,200 RMB/ton on September 9th and a 5.19% decrease compared to last week.
Analysis review
This week, the acetic acid market remained stable with small fluctuations, with enterprise quotations mainly stabilizing. On the supply side, there was temporarily no pressure on the manufacturer's inventory, and the Tianjin alkali plant was undergoing maintenance, resulting in a reduction in market supply; On the demand side, the operating rate of downstream industries had decreased, and the demand for acetic acid was limited. Purchasing in the market mostly followed up according to demand. The trading atmosphere in some areas was not good, and the price of acetic acid had decreased. The atmosphere in the market was deadlocked, and the acetic acid market fluctuated slightly.
The upstream raw material methanol market first fell and then rose. As of September 14th, the average price in the domestic market was 2,401.67 RMB/ton, an overall increase of 0.91% compared to the price of 2,380.00 RMB/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 had increased, and the price at the beginning of the week had 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 was cautious, and methanol prices was lowered in the later stage.
The downstream acetic anhydride market was running smoothly. On September 14th, the average ex factory price of acetic anhydride was 5,472.50 RMB/ton, which was the same as the price of 5,472.50 RMB/ton on September 9th. The upstream acetic acid market was stabilizing and running, with limited cost support for acetic anhydride. Downstream acetic anhydride entering the market was following up as needed, and the market trading atmosphere was still good. Acetic anhydride prices remained stable during the week.
Market outlook
The acetic acid analyst from SunSirs believes that there was an expectation of recovery in the acetic acid maintenance equipment on the supply side, and the market supply of goods will increase. Although there was temporarily no pressure on manufacturers' inventory, the demand support from downstream and traders was insufficient, and there was a clear trend of oversupply in the market. The market transaction center was relatively low, and it is expected that the acetic acid market will be consolidated to be weaker in the short term. It needs to pay attention to the downstream follow-up situation in the future.
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