According to the Commodity Market Analysis System of Shengyi Society, as of September 21st, the average market price of acetic acid was 2600 yuan/ton, an increase of 60 yuan/ton or 2.36% compared to the price of 2540 yuan/ton on September 15th. The domestic acetic acid market has continued to rise this week. Partial shutdown of supply side equipment, reduced utilization rate of acetic acid production capacity, and weakened market supply pressure; In terms of demand, downstream replenishment has increased, the market trading atmosphere is good, enterprises are actively shipping, inventory has decreased, and there is a combination of positive news on the market. Factories have a strong intention to rise, and the price of acetic acid continues to rise.

This week, the raw material methanol market is weak and declining. As of the 21st, the average price in the domestic market was 2262 yuan/ton, a decrease of 1.44% compared to the price of 2295 yuan/ton on September 15th. The narrow accumulation of methanol inventory in ports has continued to suppress the market due to high inventory levels. The methanol futures market has fallen, while the spot market has been affected by downstream pre holiday replenishment and stable demand for olefins in mainland China. The main reason for the rise in methanol prices in mainland China is the differentiated operation of the methanol market.
The downstream acetic anhydride market has shown a strong upward trend. From September 15th to 21st, the average ex factory price of acetic anhydride increased from 4117.50 yuan/ton to 4205.00 yuan/ton, an increase of 2.13%. The upstream acetic acid market continues to rise, driving a bullish atmosphere in the acetic anhydride market. Downstream replenishment has increased, and companies have shipped well. Acetic anhydride prices have followed suit during the cycle.
Market forecast: Business Society’s acetic acid analyst believes that the utilization rate of domestic acetic acid production capacity has decreased, enterprise inventory is low, downstream procurement enthusiasm is high, and the intention of suppliers to rise is obvious. As the holiday approaches, downstream procurement expectations are optimistic, and it is expected that the acetic acid market will continue to operate strongly in the later stage. The market supply situation will be closely monitored in the future.