Price trend

According to the commodity market analysis system of SunSirs, as of June 20, the average price of acetic acid in East China was 2,933.33 RMB/ton, down 8.81% from the price of 3,216.67 RMB/ton on June 1, and down 11.11% month on month.

Analysis review

The domestic acetic acid market was weak, with low raw material prices and insufficient cost support. Downstream demand on the demand side was not good, and purchasing in the market was just in needed to follow up. In the early stage, the acetic acid plant maintenance was carried out on the market, but due to light market trading, the performance of the acetic acid rise was weak, and the transaction center remained low. In the later stage, the maintenance plant restarted, the market supply increased, and the confidence of the industry was insufficient, resulting in a significant decline in acetic acid prices.

The upstream raw material methanol market fluctuated at a low level. As of June 20th, the average price in the domestic market was 2,091.67 RMB/ton, a decrease of 3.24% compared to the price of 2,161.67 RMB/ton on June 1st. The price of raw coal decreased, the support for methanol production costs weakened, and downstream traditional industries entered the off-season, and demand performance was weak. The methanol market became stagnant and organized, and the spot price of methanol fluctuated.

The downstream acetic anhydride market was weak and declining. As of June 20th, the factory price of acetic anhydride was 5,062.50 RMB/ton, a decrease of 6.03% compared to the price of 5,387.50 RMB/ton on June 1st. Upstream acetic acid prices fell, acetic anhydride costs decreased, raw material support had weakened, acetic anhydride enterprises were operating normally, market supply was sufficient, while downstream demand was weak, market trading was sluggish, and acetic anhydride prices had significantly decreased.

Market outlook

According to acetic acid analysts from SunSirs, the on-site acetic acid maintenance equipment was restarted, leading to an increase in market supply. Downstream parties were following up on demand, with poor intention to hoard goods. Actual market transactions were limited, and there was a lack of positive information on the market. Under the supply and demand game, it is expected that the acetic acid market will be consolidated to be weaker in the later stage. Specific attention will be paid to downstream follow-up.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.