Price trend:

According to the commodity price analysis system of SunSirs, as of December 10th, the average market price of acetic acid was 2,636.67 RMB/ton, an increase of 86.67 RMB/ton compared to the price of 2,550.00 RMB/ton on December 1st, representing a 3.40% increase. In early December, the domestic acetic acid market continued to rise. On the supply side, the restart of some maintenance facilities was delayed, and new company facilities underwent maintenance, leading to a decrease in acetic acid operating rates and a reduction in market spot supply. Company inventories continued to decline, creating a strong upward trend in the market. Downstream demand remained stable, with buyers purchasing as needed. Strong support from the supply side drove acetic acid prices sharply upward.

Market Analysis

In early December, the methanol market experienced a weak downward trend. As of December 10th, the average domestic market price was 2,080.00 RMB/ton, a decrease of 2.12% compared to the price of 2,125.00 RMB/ton on December 1st. Increased methanol arrivals in December led to ample supply in port markets, and with expectations of increased methanol production in inland areas, there was significant pressure on spot supply. Furthermore, high downstream inventory levels resulted in weak buying sentiment, and methanol companies experienced poor sales, leading to a generally weak methanol market.

The downstream acetic anhydride market showed strong upward momentum, with the average ex-factory price of acetic anhydride increasing from 4,012.50 RMB/ton to 4,130.00 RMB/ton from December 1st to 10th, a rise of 2.93%. The continuous increase in upstream acetic acid prices increased cost pressure on acetic anhydride producers. Downstream buyers purchased as needed, leading to a slight recovery in demand. Supported by these cost factors, acetic anhydride prices remained strong during this period.

Market Forecast:

According to SunSirs' acetic acid analyst, domestic acetic acid operating rates were low, and enterprise inventories were also low. Manufacturers had a strong bullish sentiment, and downstream buyers are purchasing on an as-needed basis. The fundamental supply situation was strong, and it is expected that the acetic acid market will remain firm in the future. Further market supply conditions should be monitored.

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