In terms of supply, driven by considerable profits, the production capacity of acetic acid continued to increase in 2024, with a production capacity of 12 million tons within the year. The domestic supply performance was sufficient, and there are still plans to add new production capacity for acetic acid in the future. It is expected that 5.9 million tons will continue to be put into operation in 2025, and there may be overcapacity at that time. The expected price of acetic acid in 2025 is weak.

In terms of imports and exports, according to data released by the General Administration of Customs, the performance of China's acetic acid import market in 2024 was relatively weak. From January to November, the cumulative import volume of acetic acid in China was 33,200 tons, a decrease of 6,800 tons compared to the same period last year; The cumulative export volume from January to November was about 1.0278 million tons, an increase of 269,500 tons or 35.54% compared to the same period last year. Domestic acetic acid was running weakly, and the export market was increasing.

In terms of demand, new production capacity is planned to be put into operation for downstream products such as PTA, acetate esters, and vinyl acetate in 2025. There may be some favorable support on the demand side, but downstream digestion will mainly focus on long-term production, and follow-up needs to be monitored in the later stage.

Overall, the supply growth rate of acetic acid market in 2025 is significantly higher than the demand growth, and the supply-demand contradiction in the market continues. The price market continues to be volatile and weaker. In the future, specific attention should be paid to the supply capacity allocation, export market, and downstream follow-up situation.

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