Recently, the acetic acid market has been weak and declining

According to the Commodity Market Analysis System of Shengyi Society, the price trend of acetic acid has continued to decline recently (8.21-8.27). As of August 27th, the average market price of acetic acid was 3550 yuan/ton, a decrease of 125 yuan/ton or 3.40% compared to the price of 3675 yuan/ton on August 21st.

 

Recently, the acetic acid market has been weak and declining, with enterprise quotations continuously falling. On the supply side, the maintenance of the acetic acid plant is centralized, and the manufacturer’s inventory is not high, so the main focus is on maintaining shipments; On the demand side, downstream consumers are resistant to high priced goods, and their enthusiasm for entering the market for purchasing is weak, resulting in poor market trading. However, traders are eager to settle for safety, and the focus of transactions has shifted downwards. The weak downstream demand combined with the mentality of buying up and not buying down has led to a significant decline in the price of acetic acid in the market.

 

As of August 27th, the market prices of acetic acid in various regions are as follows:

Region/ August 21st/ On August 27th/ Rise and fall

South China region/ 3400 yuan/ton/ 3350 yuan/ton/ -50

North China region/ 3725 yuan/ton/ 3375 yuan/ton/ -350

Shandong region/ 3625 yuan/ton/ 3400 yuan/ton/ -225

Jiangsu region/ 3300 yuan/ton/ 3125 yuan/ton/ -175

Zhejiang region/ 3400 yuan/ton/ 3225 yuan/ton/ -175

The upstream raw material methanol market fluctuated upwards. As of August 27th, the average price in the domestic market was 2500.00 yuan/ton, an increase of 1.25% compared to the price of 2469.17 yuan/ton on August 21st. Part of the methanol plants have been shut down unexpectedly, resulting in a narrow reduction in domestic methanol production. In addition, the large-scale olefin extraction in the northwest has led to an increase in the domestic methanol market, but the traditional downstream market has not shown significant improvement, and the overall increase in methanol production is not significant.

 

The downstream acetic anhydride market is operating weakly. On August 27th, the average ex factory price of acetic anhydride was 5615 yuan/ton, which is 75 yuan/ton lower than the price of 5690 yuan/ton on August 21st. The upstream acetic acid market is weak and declining, and the cost support for acetic anhydride is weakened. Downstream acetic anhydride is following suit according to demand, and the market trading atmosphere is average. Acetic anhydride prices are consolidating and declining.

 

Market forecast: The acetic acid analyst from Shengyi Society believes that there will be more maintenance of the supplier’s acetic acid equipment, and the manufacturer’s inventory will not be affected. However, downstream demand is weak, market trading is poor, and the focus of traders continues to shift downwards. The market atmosphere is bearish, and it is expected that the acetic acid market will be weak and consolidated in the short term. We will pay attention to downstream follow-up in the future.

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