As of May 24th, the average market price of acetic acid was 3093.33 yuan/ton, an increase of 10 yuan/ton or 0.32% compared to the price of 3083.33 yuan/ton on May 18th.

Recently, the domestic acetic acid market has been mainly consolidating. The raw material methanol is still at a high level during the same period, and the cost pressure of acetic acid still exists; On the supply side, the recovery of acetic acid plants is slow, enterprise inventory is low, market sentiment is supportive, and acetic acid quotations are stabilizing; The demand in the terminal market is weak, downstream transactions are average, and there is urgent need to follow up on market purchases. The market fundamentals are poor, and the price of acetic acid fluctuated narrowly within the week.
Recently, the raw material methanol market has fluctuated and declined. As of May 24th, the average price in the domestic market was 3163 yuan/ton, a decrease of 1.77% compared to the price of 3220 yuan/ton on May 18th. The arrival volume of methanol at the port is low, inventory continues to deplete, and the price focus is relatively strong; Domestic methanol plant maintenance, low inventory provides good support for market mentality; Downstream parents are following up as needed, and the market is limited in its pursuit of high prices, with methanol fluctuating at high levels during the week.
The downstream acetic anhydride market is running weakly, with the average ex factory price of acetic anhydride dropping from 5800 yuan/ton to 5625 yuan/ton from May 18th to 24th, a decrease of 3.02%. The raw material acetic acid is being processed and operated, with average cost support and insufficient downstream purchasing on the demand side. The market trading atmosphere has weakened, and the acetic anhydride market has a bearish sentiment, resulting in a weak downward adjustment in prices during the week.
Market forecast: Currently, the operating rate of acetic acid is not high, and the supply side support is still acceptable. The price of raw material methanol is high, and cost pressure still exists. However, downstream demand is weak, and the transaction volume in the acetic acid market is average. There is a game of internal dynamics in the market. It is expected that the acetic acid market will stabilize and operate in the short term, and the market supply situation will be closely monitored in the future.