Price trend

According to the Commodity Market Analysis System of SunSirs, the price of acetic acid remained stable on February 26th, with a market average price of 2,880 RMB/ton, unchanged from the price on the previous day, and a decrease of 2.37% compared to the beginning of the month.

Analysis review

The domestic acetic acid market was stable with small fluctuations, and prices in some regions have been lowered. The domestic production rate of acetic acid was relatively high, and enterprises maintained active shipment. Downstream companies mainly followed up on demand, and the market supply and demand were relatively balanced. Acetic acid prices were running steadily; The mentality of operators in Jiangsu region was poor, downstream demand was weak, and enterprise shipments were not smooth, resulting in a slight shift in the focus of acetic acid transactions.

The upstream raw material methanol market has risen narrowly. On February 26th, the average price in the domestic market was 2,603.33 RMB/ton, an increase of 0.55% compared to the previous day's price of 2,589.17 RMB/ton. Traditional downstream production has resumed, and downstream market purchases have been boosted. However, the decrease in external prices may have a negative impact on the domestic market, and the methanol market will continue to fluctuate in the future.

On February 26th, the downstream acetic anhydride market remained stable, with an average factory price of 5,110 RMB/ton, unchanged from the previous day's price. The upstream acetic acid market remained stable, while the cost support for acetic anhydride was average. Downstream market entry followed suit as needed, and market trading was lukewarm. The supply and demand in the market were relatively balanced, and the acetic anhydride market was running steadily and cautiously.

Market outlook

According to the acetic acid analyst from SunSirs, the restart and recovery of domestic facilities were underway, with an increase in market operating rates and supply of goods. Downstream market conditions were weak, resulting in limited demand for acetic acid. The market trading atmosphere was average, and it is expected that the acetic acid market will be consolidated to be weaker. It’s needed to pay attention to downstream follow-up in the future.

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