Price trend

According to the business data analysis system of SunSirs, as of January 20th, the average market price of acetic acid was 2,903.33 RMB/ton, an increase of 96.66 RMB/ton compared to the price of 2,806.67 RMB/ton on January 12th, representing a 3.44% increase.

Market Analysis

Recently (January 11-20), domestic acetic acid prices continued to rise. On the supply side, market supply remained tight, and the recovery of acetic acid production facilities after maintenance was slow, with operating rates remaining at a medium-to-high level. Downstream, buyers followed up on demand, market transactions were stable, factory inventories decreased, and manufacturers showed a strong intention to maintain high prices, leading to a strong upward trend in the acetic acid market.

Recently, the price of methanol, a raw material, has been on a downward trend. As of the 20th, the average price in the domestic market was 2,205 RMB/ton, a decrease of 2.65% compared to the price of 2,265 RMB/ton on January 11th. High inventory levels in port methanol markets were putting downward pressure on spot prices. Domestic methanol production rates were high, leading to significant inventory pressure on companies. Weak demand from downstream industries was contributing to the overall weak performance of the methanol market, and cost factors were providing little support for acetic acid prices.

The downstream acetic anhydride market was operating strongly. From January 11th to 20th, the average ex-factory price of acetic anhydride increased from 4,307.50 RMB/ton to 4,622.50 RMB/ton, a rise of 7.31%. The supply side saw low operating rates for acetic anhydride production, while upstream acetic acid provided strong support, and downstream demand remained stable. With strong positive market factors and a bullish sentiment among companies, the price of acetic anhydride continued to rise during this period.

Market Outlook:

According to SunSirs' acetic acid analyst, the operating rate of domestic acetic acid plants is not high, and companies are not facing significant inventory pressure. The market supply side is favorable, and downstream demand is fluctuating within a narrow range, providing good support for acetic acid prices. The market fundamentals are positive, and it is expected that acetic acid prices will continue to rise. Future market trends will depend on the supply situation.

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