Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 25th, the average price of acetic acid was 2,750 RMB/ton, a decrease of 2.83% compared to the price of 2,830 RMB/ton on April 19th, and a decrease of 2.14% compared to the beginning of the month.

Price influencing factors:

Last week, the acetic acid market was weak and declining, with enterprise quotations continuously falling. On the supply side, as the acetic acid plant of a large factory in Shandong was increasing its load, the market capacity utilization rate had increased, the pressure on on-site supply of goods had increased, and enterprises were actively shipping. Downstream market sentiment was not high, and a small amount of purchases were being made on demand, resulting in limited business transactions. Under the supply-demand game, the price of acetic acid continued to decline.

The upstream methanol market fluctuated within a certain range. From April 19th to 25th, the average domestic market price increased from 2,413.75 RMB/ton to 2,417.50 RMB/ton, with an overall increase of 0.16%. The recent demand for pre holiday stocking of methanol downstream in mainland China had provided some support for the market atmosphere, with smooth shipments from enterprises. However, there was still a wait-and-see attitude towards high prices, and the overall price changes in the market were limited.

The downstream acetic anhydride market continued to decline, with an average ex factory price of 4,737.50 RMB/ton on April 25th, a decrease of 1.04% compared to the price of 4,787.50 RMB/ton on April 19th. The upstream acetic acid market was weak and declining, with a negative impact on the cost of acetic anhydride. Acetic anhydride companies had a bearish attitude, with prices continuously decreasing. Downstream demand was limited, and market transactions were insufficient. Acetic anhydride prices was weak during the cycle.

Market outlooks

The acetic acid analyst from SunSirs believes that the production capacity utilization rate of acetic acid plants was high, the market supply was sufficient, downstream buyers entered the market on demand, the trading atmosphere in the market was weak, and enterprise shipments were limited. Under the supply-demand game, it is expected that the acetic acid market will operate weakly in the short term. Specific attention should be paid to changes in the plants and downstream follow-up situations.

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