Price trend

According to the Commodity Market Analysis System of SunSirs, the price of acetic acid fell slightly on April 23, with a market average price of 2,800 RMB/ton, a decrease of 30 RMB/ton from the previous day's price, a decrease of 1.06%, and a decrease of 0.36% compared to the beginning of the month.

Analysis review

The domestic acetic acid market was running weakly, and market prices in various regions have been partially lowered. The load of Yanzhou mining equipment on the supply side has increased, the utilization rate of acetic acid production capacity has increased, and the downstream market enthusiasm was not high. A small amount of follow-up was mainly based on demand, and the company's shipments were poor. The market mentality was bearish, and the price trend of acetic acid has been lowered.

The upstream raw material methanol price trend was relatively strong and has been raised. On April 23rd, the average price in the domestic market was 2,430 RMB/ton, an increase of 1.67% compared to the previous day's price of 2,390 RMB/ton. The methanol plant on the supply side has been shut down, and the market supply was somewhat tight. At the same time, the inventory of enterprises was low, and downstream demand was still acceptable. The market trading atmosphere was good, and the methanol market was consolidated to be stronger.

On April 23rd, the downstream acetic anhydride market remained stable, with an average ex factory price of 4,750 RMB/ton, unchanged from the previous day's price. The upstream acetic acid market has declined, and the cost support for acetic anhydride has weakened. Downstream market entry has followed suit as needed, and market trading has remained stable. The acetic anhydride market was operating in a wait-and-see manner.

Market outlook

The acetic acid analyst from SunSirs believes that the increase in domestic acetic acid plant construction has increased the pressure on on-site supply, and downstream demand has followed suit, resulting in limited support for acetic acid and a lack of market benefits. It is expected that the acetic acid market will consolidate and weaken, and attention will be paid to downstream follow-up in the future.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.