Price trend

According to the SunSirs commodity market analysis system, acetic acid prices have remained stable recently, with the average market price on the 25th reaching 2,400 RMB/ton, unchanged from the 2,400 RMB/ton on August 18th. Domestic acetic acid prices have remained largely stable with minor fluctuations, demonstrating a differentiated market trend. Supply-side capacity utilization has decreased slightly, limiting inventory pressure for companies. Downstream suppliers were replenishing stocks on demand, resulting in healthy market trading. Companies were maintaining a wait-and-see attitude towards shipments.

Analysis review

Upstream methanol prices have been weak and volatile recently. As of the 25th, the average domestic market price was 2,306.67 RMB/ton, down 0.52% from the price of 2,318.67 RMB/ton on August 18th. Domestic methanol plants have resumed operations, but spot demand was generally weak. Support from the mainland market was somewhat insufficient, and downstream demand for high prices was weak. The market trading atmosphere wass subdued, and methanol trading remained weak and volatile.

The downstream acetic anhydride market remained stable, with the average ex-factory price remaining at 4,082.50 RMB/ton from August 18 to 25. Upstream acetic acid inventories remained high, creating a mixed market environment and providing limited support for acetic anhydride. Downstream purchases were primarily driven by rigid demand, resulting in mediocre market transactions. The supply and demand in the acetic anhydride market remained relatively balanced, and prices remained stable during the period.

Market outlook

The acetic acid analysts from SunSirs believe that the domestic acetic acid production capacity utilization rate remained at a high level, the market supply was sufficient, and sales varied among different regions. However, downstream demand mainly followed up, and the overall stocking demand was limited. The market fundamentals supply was relatively high. It is expected that the acetic acid market will wait and see in the later period, and attention will be paid to the downstream follow-up situation in the future.

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