According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid continued to decline in June. As of June 30th, the price was 2520 yuan/ton, a decrease of 180 yuan/ton compared to the price of 2700 yuan/ton at the beginning of the month, a decrease of 6.67% during the month.
As of the end of the month, the market price details of acetic acid in various regions of China in June are as follows:
Region /On June 1st /June 13th /June 30th
South China region /2550 yuan/ton /2475 yuan/ton /2550 yuan/ton
North China region /2540 yuan/ton /2400 yuan/ton /2385 yuan/ton
Shandong region /2570 yuan/ton /2430 yuan/ton /2390 yuan/ton
Jiangsu region /2490 yuan/ton /2400 yuan/ton /2450 yuan/ton
Zhejiang region /2700 yuan/ton /2625 yuan/ton /2650 yuan/ton
In June, the price of acetic acid fell weakly, and the utilization rate of acetic acid production capacity on the supply side increased. The market supply was sufficient, and enterprises had a strong intention to ship. In terms of demand, the downstream market was average, with limited consumption of acetic acid and average market transactions. Acetic acid enterprises were hindered from shipping, and at the same time, raw material prices rose, acetic acid profits decreased, and enterprise inventories were under pressure. The center of acetic acid transactions continued to shift downwards.
The methanol market on the raw material side is experiencing a strong upward trend. As of June 30th, the average price in the domestic market was 2805 yuan/ton, an overall increase of 24.67% compared to the beginning of the month price of 2250 yuan/ton. Due to the impact of geopolitical conflicts overseas, the methanol production rate has decreased, port arrivals have decreased, and the futures market has surged significantly. The spot market has followed suit and risen. The port market has strong support during the month, and the domestic methanol market has risen at a high level.
Market forecast: Business analysts believe that the acetic acid market is currently operating differently, with poor shipments in the North China region and lower enterprise quotations. Shipments in the East and South China regions are still acceptable, with firm enterprise quotations as the main factor. Downstream demand is expected to follow suit, with limited market trading and supply and demand competition. It is expected that the acetic acid market will consolidate weakly in July, and specific attention will be paid to downstream follow-up situations.