According to the commodity market analysis system of SunSirs, the price trend of acetic acid in May fluctuated within a range. As of May 31, the price was 2,700 RMB/ton, which was the same as the price of 2,700 RMB/ton at the beginning of the month, and the maximum amplitude within the month was 3.03%.

As of the end of the month, the details of the acetic acid market prices in various regions in China in May are as follows:

In the first half of May, acetic acid prices fell weakly, mainly due to the high utilization rate of on-site capacity, sufficient supply of market supply, and the lack of active downstream stocking, which led to greater pressure on enterprises to ship goods, and the center of gravity of acetic acid transactions continued to move downward; in the second half of the month, prices rose first and then fell. The news of the maintenance of the on-site equipment was released one after another, and the industry was optimistic. The acetic acid quotation explored the rise. At the same time, the company's shipments increased, the inventory pressure was reduced, and the market trend continued to rise.

As the company's intention to support the increase was obvious, the downstream gradually had resistance to high prices, and the enthusiasm for entering the market weakened. At the end of the month, the price of some regions did not ship downward.

The market trend of methanol on the raw material side was weak and downward. As of May 31, the average price of the domestic market was 2250 RMB/ton, compared with the price of 2440 RMB/ton at the beginning of the month, the overall decline was 7.79%. The domestic methanol supply is high, the import market has an incremental expectation, and the spot market lacks confidence, which suppresses the price. Although the downstream outsourcing and the start of equipment have provided certain support to the market, the overall demand is weak, and the domestic methanol market is under pressure to move downward.

Market forecast: Analysts from SunSirs believe that the current acetic acid market is mainly stable, with poor shipments from enterprises, weak mentality of industry players, low enthusiasm of downstream companies to enter the market, limited market transactions, and increased capacity utilization in the future. The market will continue to outstrip demand, and the acetic acid market is expected to operate weakly in June, with specific attention paid to the follow-up of downstream companies.

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