SunSirs: The Acetic Acid Market Was Trending Upward

Price trend:

According to the SunSirs' commodity market analysis system, on November 26th, the average market price of acetic acid was 2,536.67 RMB/ton, an increase of 13.34 RMB/ton or 0.53% compared to the previous day's price of 2,523.33 RMB/ton. The domestic acetic acid market was trending upwards, supported by long-term factory orders at the end of the month, with low enterprise inventories and a strong willingness among market participants to raise prices. Meanwhile, some factories were undergoing maintenance shutdowns, leading to a positive outlook on the supply side and a price increase for acetic acid. Downstream demand remained relatively stable, with purchases mainly based on immediate needs, resulting in a moderate market transaction atmosphere.

Market Analysis

On the 26th, the price of raw material methanol rose from 2,055 RMB/ton to 2,079 RMB/ton, an increase of 1.17%. Downstream demand for methanol increased, the spot market trading atmosphere was good, and enterprises did not have much inventory pressure, so the methanol market was running with a stronger trend.

Market outlook

According to analysts at SunSirs, the recovery of some acetic acid plants in the domestic market had slowed down, reducing market supply pressure. Enterprise inventories were declining, and industry players were inclined to maintain prices. Downstream buyers were purchasing on an as-needed basis, and supply support was strong. It is expected that the acetic acid market will be stronger in the later period. The market supply situation will be a key factor to watch in the future.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.