Price trend

According to the Commodity Market Analysis System of SunSirs, as of January 19th, the average price of acetic acid was 3,010 RMB/ton, unchanged from the price of 3010 RMB/ton on January 13th, with a month on month increase of 2.03%.

Analysis review

This week, the acetic acid market remained stable with small fluctuations, and enterprise quotations fluctuated. On the supply side, the utilization rate of domestic production capacity was relatively high, and factories were actively shipping. In some regions, downstream goods were well received, and enterprise shipments were relatively smooth. However, in the North China and Shandong regions, enterprise shipments were poor, and downstream pre holiday stocking enthusiasm was not high. The market price of acetic acid has shifted downward. In the East and South China regions, the main focus was on executing long-term contracts, and manufacturers' quotations remained stable.

The upstream methanol market has fallen from a high level. From January 13th to 19th, the average price in the domestic market decreased from 2,739 RMB/ton to 2,695 RMB/ton, with an overall decline of 1.58%. The domestic methanol market rose and then fell back. At the beginning of the week, driven by the rise in crude oil prices, the domestic methanol market strengthened, but after reaching a high level, the market was generally buying gas. Later, with the increase in shipping costs, production companies offered discounts and shipped, causing the domestic methanol market price to fall.

The downstream acetic anhydride market has seen a narrow upward adjustment. On January 19th, the average ex factory price of acetic anhydride was 5,067.50 RMB/ton, an increase of 0.30% compared to the price of 5,052.50 RMB/ton on January 13th. The upstream acetic acid market showed mixed ups and downs, with the cost of acetic anhydride generally average. Downstream demand was the main factor, and the market trading atmosphere was good. The supply and demand in the market were relatively balanced, and the price of acetic anhydride was adjusted upwards.

Market outlook

The acetic acid analyst from SunSirs believes that the utilization rate of acetic acid production capacity was relatively high, the market supply was sufficient, the downstream pre holiday stocking enthusiasm was not high, and the sales pressure on the supply side still existed. The on-site trading was average, and it is expected that the acetic acid market may be weaker in the short term. It needed to pay attention to the downstream follow-up situation in the future.

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