According to SunSirs market analysis system, the average price of acetic acid as of May 25 was 2,700 RMB/ton, an increase of 30 RMB/ton compared with the price of acetic acid on May 19 of 2,670 RMB/ton, an increase of 1.12%.

The acetic acid market is running strong this week, and corporate quotations are rising. On the supply side, the start of acetic acid device is stable, and the market capacity utilization rate remains high. In terms of regions, most enterprises have lowered inventory, manufacturers have a clear intention to rise, downstream stock is not high, market purchasing sentiment is good, and the focus of acetic acid transactions has shifted upward.

As of May 25, the market prices of acetic acid in various regions are as follows:

The upstream methanol market is running weakly. From May 19 to 25, the average domestic market price was lowered from 2362 RMB/ton to 2303 RMB/ton, a total drop of 2.49%. The supply of methanol market has expectations of incremental growth, which has put a strong suppression on prices. Although downstream external procurement and downstream device driving have provided certain support for the market, the overall support is weak, and the domestic methanol market is under pressure and downward.

The downstream acetic anhydride market is operating weakly. On May 25, the average ex-factory price of acetic anhydride was 4442.50 RMB/ton, a decrease of 1.55% compared with the price of 4512.50 RMB/ton on May 19. The upstream acetic acid market is relatively strong, the cost of acetic anhydride increases, the downstream demand is insufficient, the market trading atmosphere is light, the profit of acetic anhydride decreases, and the price of acetic anhydride weakly declines during the cycle.

According to the market forecast for the future, SunSirs believe that the inventory of acetic acid companies is currently unpressurized, and the manufacturer's mentality is mainly strong. At the same time, some domestic factories have maintenance plans to release, the utilization rate of acetic acid production capacity will be lowered, and downstream demand will follow up steadily. Under the guidance of the news, it is expected that the short-term acetic acid market may rise steadily, and pay attention to device changes and downstream follow-up.

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