Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 22, the average market price of methyl acetate was 4,462 RMB/ton, which was unchanged from last week.

Analysis review

In terms of cost

Methanol: Domestic methanol prices had fluctuated upwards this week. On May 22nd, the price of methanol was 2,900 RMB/ton, and on May 15th, the price of methanol was 2,828 RMB/ton, an increase of 2.54% from last week. In mid month, the situation abroad was unstable, and the arrival volume of methanol at ports was affected. The inventory in ports and mainland China was relatively low, and downstream procurement was still in demand. The tight supply situation led to a significant increase in the early stage of the methanol market. The trading atmosphere in the spot market was light, and some holders had a bad mentality, offering discounts and lowering prices.

Acetic acid: Domestic acetic acid prices had fallen this week. On May 22nd, the price of acetic acid was 3,250 RMB/ton, and on May 15th, the price of acetic acid was 3,400 RMB/ton, a decrease of 4.41% from last week. The continuous decline in inventory of acetic acid enterprises in the early stage, coupled with factors such as factory equipment failures and load reduction, had pushed up the price of acetic acid. The overall trading atmosphere in the later stage of the market showed a slight decline, with limited follow-up efforts. The downstream purchasing atmosphere was not good, and the regional quotations were loose, resulting in a decrease in the price of acetic acid.

Market outlook

Overall, the acetic acid market had fallen, and the overall performance of acetate esters was poor. A cautious sentiment lingers between factories and the industrial chain. The downstream off-season market followed on demand, and the overall procurement pace slowed down. It is expected that the methyl acetate market will operate steadily in the short term.

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