According to the Commodity Market Analysis System of Shengyi Society, as of September 10th, the average market price of acetic acid was 2500 yuan/ton, an increase of 70 yuan/ton or 2.88% compared to the price of 2430 yuan/ton on September 1st. Since September, the domestic acetic acid market has been relatively strong, with low production rates in Henan province on the supply side and the main acetic acid production facilities still in a shutdown state. Industry players have a positive attitude, and factory prices have risen. Acetic acid prices in other regions of China have also increased, and downstream demand for purchasing has followed suit. There is not much pressure on enterprise sales, and under the influence of market mentality, acetic acid prices remained strong in early September.
The raw material methanol market was relatively strong in early September. As of the 10th, the average price in the domestic market was 2296 yuan/ton, an increase of 1.91% compared to the price of 2253 yuan/ton on September 1st. The rise in methanol futures market has driven the spot methanol market to improve, and enterprise quotations have risen sharply. However, some downstream companies have resistance to high prices, and the demand side has suppressed the increase in methanol prices to some extent, resulting in a slight increase in prices during the cycle.
The downstream acetic anhydride market has slightly increased, with the average ex factory price of acetic anhydride rising from 4092.50 yuan/ton to 4117.50 yuan/ton from September 1st to 10th, a decrease of 0.61%. The upstream acetic acid market is relatively strong, and the atmosphere of the acetic anhydride market is bullish. However, the downstream demand performance is average, and the shipment of enterprises is limited. The mentality of the market is game, and the price of acetic anhydride fluctuates slightly during the cycle.
In terms of future market forecast, the acetic acid analyst from Shengyi Society believes that some of the domestic acetic acid maintenance facilities have not yet been restored, and the mentality remains strong. At the same time, the inventory pressure of enterprises is not high, and the supply side support is good. The downstream demand side follows up on demand, and the market trading atmosphere is good. It is expected that the acetic acid market will operate steadily and wait, and the market supply situation will be closely monitored in the future.