The domestic acetic acid market is in a weak consolidation situation, with low raw material methanol prices and insufficient cost support. Acetic acid enterprises have no inventory pressure and maintain active shipments. Downstream performance is average, with low capacity utilization rate and limited demand for acetic acid. The main focus is on purchasing according to demand when entering the market. The market trading atmosphere is light, and under the supply and demand stalemate, the price trend of acetic acid is weak.
| PVA |
According to the commodity market analysis system of the business community, as of June 16, the average price of acetic acid in East China was 3133.33 yuan/ton, 1.05% lower than the price of 3166.67 yuan/ton on June 10, and 2.59% lower than the beginning of the month. As of June 16th, the market prices of acetic acid in various regions during the week were as follows:
Region/ June 9th/ June 16th/ Price fluctuations
South China/ 3075 yuan/ton/ 3025 yuan/ton/ -50
North China/ 2850 yuan/ton/ 2850 yuan/ton/ 0
Shandong region/ 2900 yuan/ton/ 2850 yuan/ton/ -50
Jiangsu region/ 3000 yuan/ton/ 2900 yuan/ton/ -100
Zhejiang region/ 3100 yuan/ton/ 3000 yuan/ton/ -100
The upstream raw material methanol market first fell and then rose. As of June 16, the average price in the domestic market was 2074.17 yuan/ton, which is a decrease of 0.04% compared to the price of 2075.00 yuan/ton on June 10. Futures prices rose, while raw coal prices first fell and then rose, bringing benefits to the methanol market. Downstream is in the traditional off-season, with weak demand performance. The methanol market is stagnant and consolidating, and the spot price of methanol is fluctuating.
The downstream acetic anhydride market is operating weakly. As of June 16th, the factory price of acetic anhydride was 5200.00 yuan/ton, a decrease of 0.48% compared to the price of 5225.00 yuan/ton on June 10th. Upstream acetic acid prices have fallen, acetic anhydride costs have decreased, acetic anhydride enterprises are operating normally, market supply is sufficient, downstream demand is average, market trading is weak, and acetic anhydride prices have declined.
In the future market forecast, acetic acid analysts from Business Society believe that due to the maintenance of acetic acid plants in some regions, the supply of acetic acid in the market remains rational. However, due to the recovery of maintenance manufacturers’ plants in the later stage, there is an expectation of an increase in market supply, while the downstream production capacity utilization rate is low. Downstream products maintain on-demand tracking, and demand support is insufficient. Under the supply and demand game, it is expected that the acetic acid market will fluctuate and consolidate in the later stage, and specific attention will be paid to the downstream follow-up situation.
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