According to the Commodity Market Analysis System of Shengyi Society, as of January 28th, the average market price of acetic acid was 2873.33 yuan/ton, a decrease of 30 yuan/ton or 1.03% compared to the price of 2903.33 yuan/ton on January 21st.

Recently (1.21-1.28), domestic acetic acid prices have been consolidating downward. On the supply side, the utilization rate of acetic acid production capacity has slightly increased, the market supply has increased, and some regions have a strong intention to ship; On the downstream side, entry into the market is mainly based on demand, and the trading atmosphere in the market has fallen slightly. Enterprise inventories have risen, and acetic acid prices have slightly loosened. The acetic acid market has weakened and decreased during the week.
Recently, the price of raw material methanol has fluctuated upwards. As of the 28th, the average price in the domestic market was 2288 yuan/ton, an increase of 3.16% compared to the price of 2218 yuan/ton on January 21st. The expected reduction in import inventory in the port methanol market has a strong price focus, which has boosted spot prices; In some regions of China, the trading of methanol is moderate, and the market supply and demand are relatively balanced. The methanol market is relatively strong and rising, and the impact of cost on acetic acid is limited.
The downstream acetic anhydride market is operating weakly. From January 21st to 28th, the average ex factory price of acetic anhydride was reduced from 4622.50 yuan/ton to 4590.00 yuan/ton, a decrease of 0.70%. The operating rate of acetic anhydride on the supply side has not changed much, upstream acetic acid prices have decreased, cost support has weakened, downstream demand is limited, market favorable factors have decreased, and enterprise mentality is bearish. Acetic anhydride prices have weakly decreased during the cycle.
Market forecast: Business Society’s acetic acid analyst believes that the operating rate of domestic acetic acid plants is at a medium to high level, the inventory pressure of enterprises is still acceptable, the recovery of on-site maintenance equipment is slow, the market mentality is supported, the downstream market is declining, and demand is weakened. It is expected that the acetic acid market will fluctuate and consolidate in the later stage, and the market supply situation will be closely monitored in the future.