SunSirs: Acetic Acid Market Prices Was Consolidating in a Narrow Range

Price trend

According to the commodity market analysis system of SunSirs, as of February 13, the average market price of acetic acid was 2,780.00 RMB/ton, an increase of 6.67 RMB/ton or 0.24% compared with the price of 2,773.33 RMB/ton on February 9.

Market analysis

Domestic acetic acid prices rose slightly this week (February 9-13). On the supply side, the operating rate of acetic acid plants decreased slightly. Before the holiday, companies had a strong intention to ship their products, while downstream stockpiling gradually slowed down. Purchases were made based on immediate needs, resulting in mixed market activity. Acetic acid companies' quotations remained largely stable with minor fluctuations, while some holders of stock raised their transaction prices. The acetic acid market remained in a wait-and-see mode throughout the week.

Recently, methanol prices initially rose and then fell. As of February 13th, the average domestic market price was 2,201 RMB/ton, a decrease of 0.41% compared to 2,210 RMB/ton on February 9th. Port methanol inventories continued to accumulate, downstream pre-holiday purchasing sentiment weakened, and prices trended downwards. The domestic methanol market offered moderate support, with companies actively reducing inventory, demand gradually slowing, and methanol prices fluctuating within a narrow range, easing cost pressures on acetic acid.

Downstream acetic anhydride prices stabilized, with the average ex-factory price remaining at 4,565 RMB/ton from February 9th to 13th. On the supply side, acetic anhydride production remained stable, while downstream pre-holiday stockpiling was moderate, leading to a weak market sentiment. On the raw material side, acetic acid prices saw a slight increase, maintaining cost support. Therefore, the market for acetic anhydride remained stable with a wait-and-see approach.

Market outlook

According to analysts at SunSirs, the operating rate of domestic acetic acid plants did not change much before the holiday, with companies adopting a wait-and-see attitude. Downstream users gradually left the market for the holidays, resulting in a generally weak market trading atmosphere. It is expected that the acetic acid market will be stable and wait-and-see in the short term, with attention focused on market supply in the future.

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