Price trend

According to SunSirs' commodity price analysis system, as of January 28th, the average market price of acetic acid was 2,873.33 RMB/ton, a decrease of 30 RMB/ton compared to the price of 2,903.33 RMB/ton on January 21st, representing a decline of 1.03%.

Market analysis

Recently (January 21-28), domestic acetic acid prices have been consolidating and trending downwards. On the supply side, acetic acid capacity utilization increased slightly, leading to an increase in market supply, and some regions showed a strong willingness to sell. On the demand side, downstream buyers purchased mainly on a need-to-basis, resulting in a decline in market trading activity. Enterprise inventories increased, and acetic acid prices softened slightly, leading to a generally weak and downward trend in the acetic acid market during the week.

Recently, the price of methanol, a raw material, has fluctuated upwards. As of the 28th, the average price in the domestic market was 2,288 RMB/ton, a 3.16% increase compared to the price of 2,218 RMB/ton on January 21st. The port methanol market was expecting a decrease in imports, leading to a stronger price trend and providing some support to spot prices; domestic methanol trading in some regions was moderate, with a relatively balanced supply and demand. The methanol market was showing a strong upward trend, but the impact of this cost increase on acetic acid was limited.

The downstream acetic anhydride market operated weakly, with the average ex-factory price of acetic anhydride falling from 4,622.50 RMB/ton to 4,590.00 RMB/ton from January 21st to 28th, a decrease of 0.70%. Acetic anhydride production rates remained largely unchanged, but the decline in upstream acetic acid prices weakened cost support. Limited downstream demand and fewer positive market factors led to a bearish sentiment among companies, resulting in a weak downward trend in acetic anhydride prices during the period.

Market outlook

According to SunSirs' acetic acid analyst, domestic acetic acid plant operating rates were at a medium-to-high level, and companies had manageable inventory pressure. The recovery of plants undergoing maintenance was slow, providing some support to market sentiment. However, downstream market conditions were declining, and demand has weakened. It is expected that the acetic acid market will fluctuate and consolidate in the near future, with future market supply conditions being a key factor to watch..

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