Price trend

According to the Commodity Market Analysis System of SunSirs, the price of acetic acid in East China remained stable on June 25th, with a market average price of 2,573.33 RMB/ton, unchanged from the previous day's price and a decrease of 4.69% compared to the beginning of the month. The domestic acetic acid market was stable with small fluctuations, with stable prices in East China and an increase in market prices in South China. The acetic acid plant on the supply side was running smoothly, with a high capacity utilization rate. Downstream demand sentiment was mixed, and companies mainly shipped according to demand. The market mentality was wait-and-see, and the price of acetic acid was running steadily.

Analysis review

The price of upstream raw material methanol had fallen. On June 25th, the average price in the domestic market was 2,646.67 RMB/ton, a decrease of 0.38% compared to the previous day's price of 2,656.67 RMB/ton. The downstream of methanol had a general acceptance of high prices, and the mentality of industry players was poor. Methanol prices continued to decline, while external prices had fallen, suppressing spot prices and causing a weak downward trend in the methanol market.

Market outlook

The acetic acid analyst from SunSirs believes that the utilization rate of domestic acetic acid production capacity was relatively high, and enterprises maintained active shipment as the main focus. Downstream companies followed up as needed, and the trading atmosphere in the market was still acceptable, market supply and demand gamed. It is expected that the acetic acid market will operate in a wait-and-see manner, and attention will be paid to downstream follow-up in the future.

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