According to the Commodity Market Analysis System of Shengyi Society, as of January 19th, the average price of acetic acid was 3010 yuan/ton, unchanged from the price of 3010 yuan/ton on January 13th, with a month on month increase of 2.03%.
This week, the acetic acid market remained stable with small fluctuations, and enterprise quotations fluctuated. On the supply side, the utilization rate of domestic production capacity is relatively high, and factories are actively shipping. In some regions, downstream goods are well received, and enterprise shipments are relatively smooth. However, in the North China and Shandong regions, enterprise shipments are poor, and downstream pre holiday stocking enthusiasm is not high. The market price of acetic acid has shifted downward, with the main focus on CEOs in the East and South China regions, and manufacturer quotations remain stable.
As of January 19th, the market prices of acetic acid in various regions are as follows:
Region/ On January 13th/ On January 19th/ Rise and fall
South China region/ 2875 yuan/ton/ 2875 yuan/ton/ 0
North China region/ 2910 yuan/ton/ 2895 yuan/ton/ -15
Shandong region/ 2910 yuan/ton/ 2890 yuan/ton/ -20
Jiangsu region/ 2775 yuan/ton/ 2775 yuan/ton/ 0
Zhejiang region/ 2925 yuan/ton/ 2925 yuan/ton/ 0
The upstream methanol market has fallen from a high level. From January 13th to 19th, the average price in the domestic market decreased from 2739 yuan/ton to 2695 yuan/ton, with an overall decline of 1.58%. The domestic methanol market rose and then fell back. At the beginning of the week, driven by the rise in crude oil prices, the domestic methanol market strengthened, but after reaching a high level, the market was generally buying gas. Later, with the increase in shipping costs, production companies offered discounts and shipped, causing the domestic methanol market price to fall.
The downstream acetic anhydride market has seen a narrow upward adjustment. On January 19th, the average ex factory price of acetic anhydride was 5067.50 yuan/ton, an increase of 0.30% compared to the price of 5052.50 yuan/ton on January 13th. The upstream acetic acid market showed mixed ups and downs, with the cost of acetic anhydride generally average. Downstream demand was the main factor, and the market trading atmosphere was good. The supply and demand in the market were relatively balanced, and the price of acetic anhydride was adjusted upwards.
Market forecast: Business Society’s acetic acid analyst believes that the current utilization rate of acetic acid production capacity is relatively high, the market supply is sufficient, the downstream pre holiday stocking enthusiasm is not high, the sales pressure on the supply side still exists, and the on-site trading is average. It is expected that the short-term acetic acid market may be weak, and attention should be paid to downstream follow-up in the future.
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