According to bulk data monitoring by Business Society, the trend of acetic acid prices in March was relatively strong and upward. At the beginning of the month, the average price of acetic acid was 3150 yuan/ton, and at the end of the month, the price was 3300 yuan/ton, an increase of 4.76% within the month, and the price decreased by 36.78% year-on-year.

In the first half of the month, after the rise of the acetic acid market, the market remained stable and the supply of acetic acid decreased. In the later stage, downstream purchases and purchases followed up smoothly according to demand, and market trading was still acceptable. Enterprises were wait-and-see, and the price of acetic acid remained stable; In the second half of the month, the price of acetic acid first fell and then rose, and the market supply and demand were in a game. In the early stage, the market supply was sufficient, while downstream demand was weak, leading to a downward trend in price trends. In the later stage, some manufacturers in the market shut down their devices, and acetic acid manufacturers rose along the trend. The acetic acid market sorted and rose. The overall price of acetic acid fluctuated and increased in March.

The raw material methanol market is fluctuating and declining, with an average domestic market price of 2561 yuan/ton at the end of the month, which is a decrease of 6.37% compared to the price of 2735 yuan/ton on March 1. The price of raw coal has fallen, the cost side is bearish for the methanol market, the supply side has accumulated methanol inventory, and the demand side has not followed up enough. The market is currently without positive support, and the methanol price market is weak and downward.

The downstream acetic anhydride market fluctuated and rose in March, with a price of 5462.50 yuan/ton at the end of the month, an increase of 3.80% compared to the price of 5262.50 yuan/ton at the beginning of the month. The price of raw material acetic acid has fluctuated and increased, and cost support is good. In March, Yanzhou Mining Company’s acetic anhydride equipment started at a low level, and the supply of acetic anhydride has decreased. The industry has a positive attitude, and the company’s quotation has been quite high, indicating an upward trend in the acetic anhydride market.

In the future, analysts from the Business Society believe that although there are device shutdowns and maintenance in the acetic acid market, the overall production capacity utilization rate is high, and the supply of goods is sufficient. In addition, upstream and downstream purchases are often followed up according to demand, resulting in limited transactions. There is a lack of effective positive news on the market, and the rise of acetic acid prices is weak. The market supply and demand are deadlocked. It is expected that the short-term acetic acid market will operate steadily, and there will be follow-up changes under specific attention.