According to the Commodity Market Analysis System of Shengyi Society, as of November 28th, the average market price of acetic acid was 2550.00 yuan/ton, an increase of 46.67 yuan/ton or 1.86% compared to the price of 2503.33 yuan/ton on November 21st. This week, the domestic acetic acid market continued to rise. The utilization rate of acetic acid production capacity is not high, and the market inventory supply has decreased. At the end of the month, there was an increase in long-term orders from factories, resulting in a decrease in enterprise inventory. Acetic acid prices have risen sharply, and downstream inquiries have increased. The market atmosphere is strong, and the combination of positive factors in the market supports the strong upward trend of acetic acid prices.
This week, the raw material methanol market has risen sharply. As of the 28th, the average price in the domestic market was 2115 yuan/ton, an increase of 6.02% compared to the price of 1995 yuan/ton on November 21st. The limited supply of natural gas from overseas has led to the successive shutdown of overseas facilities, an increase in port outbound shipments, and a rebound in port market prices. At the same time, it has boosted the spot market, increased downstream demand, and smooth shipments from methanol companies, resulting in a strong methanol market.
The downstream acetic anhydride market fluctuated, with the average ex factory price of acetic anhydride dropping from 4025.00 yuan/ton to 4012.50 yuan/ton from November 21st to 28th, a decrease of 0.31%. The upstream acetic acid market is relatively strong, the cost pressure of acetic anhydride is increasing, the downstream market entry enthusiasm is not high, the demand performance is weak, the market transaction atmosphere is not good, and the price of acetic anhydride is running weakly during the cycle.
In terms of future market forecast, analysts from Shengyi Society believe that the inventory of domestic acetic acid enterprises continues to decline, the support of manufacturers’ mentality is improving, downstream demand is steadily following up, and the sentiment of industry players is relatively high. It is expected that the acetic acid market will continue to operate strongly in the later stage, and attention will be paid to the market supply situation in the future.