According to the Commodity Market Analysis System of Shengyi Society, as of November 16th, the average market price of acetic acid was 2433.33 yuan/ton, an increase of 13.33 yuan/ton or 0.55% compared to the price of 2420.00 yuan/ton on November 10th. This week, the domestic acetic acid market saw a narrow upward adjustment, mainly due to a decrease in the utilization rate of acetic acid production capacity on the supply side, weakened market inventory pressure, and a strong corporate mentality. Acetic acid prices have also increased, and downstream purchases are mainly based on demand. Market transactions are limited, which has weakened the support for acetic acid.
This week, the raw material methanol market fluctuated and consolidated. As of the 16th, the average price in the domestic market was 2070 yuan/ton, an increase of 0.15% compared to the price of 2067 yuan/ton on November 10th. Methanol imports are at a high level, port inventories continue to accumulate, and although downstream demand has rebounded, the market fundamentals are still oversupplied. Methanol companies face significant shipping pressure, and the methanol market is fluctuating.
The downstream acetic anhydride market is operating in a wait-and-see manner, with the average ex factory price of acetic anhydride remaining at 4107.50 yuan/ton from November 10th to 16th. The upstream acetic acid market is relatively strong and rising, supported by favorable costs for acetic anhydride. However, downstream entry enthusiasm is not high, and the market trading atmosphere is weak. The internal state of the market is playing games, and the price of acetic anhydride has stabilized during the cycle.
In terms of future market forecast, the acetic acid analyst from Shengyi Society believes that some manufacturers in the domestic acetic acid market have stopped for maintenance, and the inventory pressure of enterprises is not high. The mentality is mainly on the rise, and downstream demand is following up on demand. The market transaction is weak, which has a certain suppressive effect on the trend of acetic acid. It is expected that the acetic acid market will be observed and operated in the later stage, and the market supply situation will be closely monitored in the future.