The domestic acetic acid market is waiting to be sorted out and operated. Near the Spring Festival holiday, under the downstream stock operation, the prices in the south and north are differentiated. The stock in Shandong and North China is active, the manufacturers ship smoothly, and the price of acetic acid rises slightly; Downstream stock in East China and South China performed generally, with light intra-field trading, and the downstream mainly followed up as required. The price was stable during the week. The domestic acetic acid market has sufficient supply, which is affected by the downstream demand as a whole.
According to the monitoring of bulk data of Business News Agency, as of January 13, the average price of acetic acid in East China was 2950.00 yuan/ton, an increase of 1.29% compared with the price of 2912.50 yuan/ton at the end of last week, and a decrease of 7.09% month-on-month. As of January 13, the market price of acetic acid in various regions during the week was as follows:
Region/ January 6/ January 13/ Price rise and fall
South China/ 3075 yuan/ton/ 3075 yuan/ton/ 0
North China/ 2800 yuan/ton/ 2900 yuan/ton/ +100
Shandong region/ 2850 yuan/ton/ 2900 yuan/ton/ +50
Jiangsu Province/ 2875 yuan/ton/ 2875 yuan/ton/ 0
Zhejiang Province/ 2975 yuan/ton/ 2975 yuan/ton/ 0
The upstream raw material methanol market fluctuated and fell. As of January 13, the average price in the domestic market was 2651 yuan/ton, down 1.08% compared with the price of 2680 yuan/ton at the end of last week. The coal price on the cost side is stable, the methanol support is weakened, the external methanol market is falling, the supply side is abundant, the downstream purchase demand is general, the market buying gas is weak, and the methanol market trend is declining.
The downstream acetic anhydride market was in a weak downward trend. As of January 13, the ex-factory price of acetic anhydride was 5312.50 yuan/ton, and the price at the end of last week was 5350.00 yuan/ton, down 0.70%. The upstream acetic acid price fluctuates slightly, the acetic anhydride cost support is limited, the downstream demand is temporarily stable, the market trading atmosphere is general, and the acetic anhydride market is wait-and-see.
The downstream ethyl acetate market is weak. As of January 13, the average ex-factory price of ethyl acetate in East China was 6883.33 yuan/ton, a decrease of 0.72% compared with the price of 6933.33 yuan/ton at the end of last week. In terms of raw materials, the acetic acid market is weak, the cost support is insufficient, the downstream follow-up at the demand end is weak, the stock intention is general, and the market is weak.
According to the aftermarket forecast, the acetic acid analyst of the business agency believes that the demand for downstream stock increases near the Spring Festival holiday, the acetic acid manufacturers are actively shipping, and the on-site trading atmosphere may improve, but the downstream demand is limited, and the short-term acetic acid price fluctuates little. It is expected that the acetic acid market will sort up slightly, and pay special attention to the downstream follow-up.