SunSirs: The Acetic Acid Market Was Stable with Small Fluctuations
January 03 2025 11:01:12 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of acetic acid remained stable on December 31st, with a market average price of 2,970 RMB/ton, unchanged from the previous day's price and an increase of 0.68% from the beginning of the month.
Analysis review
The domestic acetic acid market was stable with small fluctuations, and prices have been raised in some regions. The inventory of acetic acid in Jiangsu and Zhejiang regions has decreased, and there was not much sales pressure on enterprises. The mentality of rising prices was strong, and coupled with good downstream demand and market trading, the transaction price of acetic acid has been raised. The domestic acetic acid price market was stable and stronger.
The upstream raw material methanol market continued to rise. On December 31st, the average price in the domestic market was 2,758.33 RMB/ton, an increase of 3.08% compared to the previous day's price of 2,675.83 RMB/ton. The Southwest Gas Head Methanol Plant is expected to shut down within the expected period, with favorable support from the supply side. At the same time, port inventory has entered the destocking channel, and the market had a strong willingness to hold goods. The continuous rise in port methanol prices has driven domestic methanol prices to increase.
On December 31st, the downstream acetic anhydride market remained stable, with an average ex factory price of 4,995 RMB/ton, unchanged from the previous day's price. The upstream acetic acid market was stable, but the cost support for acetic anhydride was weak. Downstream market entry followed demand, and the market trading atmosphere was still acceptable. 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 the inventory of acetic acid enterprises was temporarily low, and the sales pressure of manufacturers was not significant. The mentality of rising prices was strong, and downstream enterprises had low inventory. Follow up on market entry may increase, and the market trading atmosphere was optimistic. It is expected that the acetic acid market will be stronger after the holiday, and downstream follow-up will be closely monitored in the future.
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