SunSirs: Downstream Demand Was Insufficient, and the Acetic Acid Market Was Consolidating and Declining

Price trend

According to the commodity market analysis system of SunSirs, the price of acetic acid had recently fallen. On March 24th, the average market price of acetic acid was 3,000 RMB/ton, a decrease of 100 RMB/ton compared to the price of 3,100 RMB/ton on March 18th, a decrease of 3.23%, and a month on month decrease of 4.76%.

Analysis review

This week, the acetic acid market had seen a downward trend. The consumption in the terminal market was average, and downstream purchasing enthusiasm was weak. Enterprise shipments were limited, and inventory had increased. In order to stimulate downstream entry into the market, factory quotations had been continuously lowered. However, downstream consumption was slow, demand support was insufficient, and the price of acetic acid was weak.

The upstream raw material methanol market had risen and fallen. On March 24th, the average price in the domestic market was 2,670.00 RMB/ton, a decrease of 1.17% compared to the price of 2,701.67 RMB/ton on March 18th. At the beginning of the week, supported by downstream external procurement, the domestic methanol market continued to operate strongly. However, downstream procurement sentiment was average, with a focus on essential procurement, resulting in a weakening market atmosphere.

The downstream acetic anhydride market continued to decline. On March 24th, the ex factory price of acetic anhydride was 5,350 RMB/ton, a decrease of 1.38% compared to the price of 5,425 RMB/ton on March 18th. The price of acetic acid had fallen, the cost of acetic anhydride had decreased, acetic anhydride enterprises ere operating steadily, the market supply is sufficient, downstream demand is weak, and the price of acetic anhydride was weak and downward.

Market outlook

According to the acetic acid analyst from SunSirs, the acetic acid market has sufficient supply, and manufacturers have lowered their prices to relatively low levels. Downstream parties are following up on demand, and the atmosphere on the market is cautious. Under the supply-demand game, it is expected that the short-term acetic acid market will remain stable, and attention will be paid to downstream follow-up in the future.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com