Price trend
According to the Commodity Market Analysis System of SunSirs, the price of acetic acid remained stable on March 31st, with a market average price of 2,810.00 RMB/ton, unchanged from the price on the previous day and an increase of 0.36% compared to the beginning of the month.
Analysis review
The domestic acetic acid market remained stable, with market prices unchanged in various regions. The production rate of acetic acid on the supply side was relatively high, and the enterprise has accumulated inventory, mainly maintaining active shipment. The downstream market entry enthusiasm was not high, and overall follow-up was needed. The market trading atmosphere was weak, and the acetic acid market was running steadily.
The price of upstream raw material methanol has weakened and decreased. On March 31st, the average price in the domestic market was 2,590.0 RMB/ton, a decrease of 2.42% compared to yesterday's price of 2,654.17 RMB/ton. The supply side has shown sufficient supply of goods, with traders actively reducing inventory. Downstream demand was not high, and new orders in the market have decreased. Enterprises have accumulated inventory, and the methanol market was consolidating weakly.
On March 31st, the downstream acetic anhydride market remained stable, with an average factory price of 4,800.00 RMB/ton, unchanged from the price of the previous day. The upstream acetic acid market remained stable, with average cost support for acetic anhydride. Downstream market entry followed suit as needed, and the trading atmosphere in the market was weak. The supply and demand balance in the market was maintained, and the acetic anhydride market was running steadily and cautiously.
Market outlook
The acetic acid analyst from SunSirs believes that domestic facilities were operating stably, the market operating rate was at a high level, and there was sufficient supply on site. However, downstream demand for acetic acid was lukewarm, and there was a lack of market benefits. It is expected that the acetic acid market will consolidate weakly, and attention will be paid to downstream follow-up in the future.
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