According to the Commodity Market Analysis System of Shengyi Society, as of February 28th, the average price of acetic acid was 2800 yuan/ton, a decrease of 80 yuan/ton compared to the price of 2880 yuan/ton on February 24th, a decrease of 2.78%, and a decrease of 5.08% compared to the beginning of the month.

This week, the acetic acid market has been weakly declining, and enterprise quotations have continued to decline. On the supply side, the domestic acetic acid maintenance equipment has been restored, the utilization rate of on-site production capacity has increased, the mentality of enterprises is poor, downstream factory demand is weak, market transactions are insufficient, and enterprise shipments are not smooth. Under the game of supply and demand, acetic acid quotations have fallen.

As of February 28th, the market prices of acetic acid in various regions are as follows:

Region/ February 24th/ February 28th/ rise and fall

South China region/ 3000 yuan/ton// 2950 yuan/ton/ -50

North China region/ 2805 yuan/ton/ 2750 yuan/ton/ -55

Shandong region/ 2830 yuan/ton/ 2750 yuan/ton/ -80

Jiangsu region/ 2850 yuan/ton/ 2730 yuan/ton/ -120

Zhejiang region/ 2975 yuan/ton/ 2950 yuan/ton/ -25

The upstream methanol market is running strongly. From February 24th to 28th, the average price in the domestic market increased from 2618.33 yuan/ton to 2629.17 yuan/ton, with an overall increase of 0.41%. During the week, some downstream inquiries were made for external procurement, which boosted the mainland market and led to a strengthening of methanol prices. However, downstream consumers still have some resistance to high prices, which has restrained the increase and caused a slight fluctuation in the overall price.

The downstream acetic anhydride market has experienced a narrow downward adjustment. On February 28th, the average ex factory price of acetic anhydride was 5095 yuan/ton, a decrease of 0.29% compared to the price of 5110 yuan/ton on February 24th. The upstream acetic acid market is weak and declining, the cost of acetic anhydride is bearish, and enterprise quotations have been lowered accordingly. The demand side is lukewarm, and the price of acetic anhydride is running weakly this week.

Market forecast: Business Society’s acetic acid analyst believes that the current trading atmosphere in the acetic acid market is weak, downstream market entry enthusiasm is not high, supply side manufacturers face significant sales pressure, and the atmosphere is bearish. It is expected that the acetic acid market will continue to operate weakly in the later stage, and downstream follow-up will be closely monitored in the future.