SunSirs: The Acetic Acid Market Continued Its Upward Trend Recently

Price trend:

According to SunSirs' commodity price analysis system, as of December 17th, the average market price of acetic acid was 2,660 RMB/ton, an increase of 23.33 RMB/ton compared to the price of 2,636.67 RMB/ton on December 10th, representing a 0.88% increase.

Market Analysis

Recently (December 10-17), the domestic acetic acid market continued its strong performance. In terms of supply, malfunctioning facilities were gradually resuming operation, and the operating rate of acetic acid production had slightly increased compared to last week. Some companies experienced minor fluctuations in inventory, but overall market supply pressure for spot goods remained low. Downstream demand was mostly stable, with buyers purchasing on an as-needed basis. Market sentiment was positive, and acetic acid prices remained firm.

Recently, the methanol raw material market was showing a strong upward trend. As of the 17th, the average price in the domestic market was 2,126 RMB/ton, a 2.21% increase compared to the price of 2,080 RMB/ton on December 10th. The domestic methanol market was supported by freight costs, leading to firm prices in some areas. However, supply pressure at ports still existed, limiting the rise in spot prices. At the same time, downstream demand was limited, and market trading was generally subdued, resulting in narrow fluctuations in the methanol market.

The downstream acetic anhydride market showed a strong upward trend, with the average ex-factory price of acetic anhydride rising from 4,130 RMB/ton to 4,170 RMB/ton from December 10th to 17th, an increase of 0.97%. The upstream acetic acid market remained firm, providing continuous cost support for acetic anhydride. Downstream production remained stable, and market participants purchased as needed, resulting in strong market support and a continued upward trend in acetic anhydride prices during the period.

Market Outlook

According to SunSirs' acetic acid analyst, the recovery of domestic acetic acid plants was slow, and companies were not facing significant inventory pressure. Manufacturers remained optimistic, and downstream demand was stable. With strong fundamental support, the acetic acid market is expected to stabilize in the near future. Future market developments will depend on supply conditions.

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