According to the Commodity Market Analysis System of Shengyi Society, as of April 25th, the average price of acetic acid was 2750 yuan/ton, a decrease of 2.83% compared to the price of 2830 yuan/ton on April 19th, and a decrease of 2.14% compared to the beginning of the month.
This week, the acetic acid market has been weak and declining, with enterprise quotations continuously falling. On the supply side, as the acetic acid plant of a large factory in Shandong is increasing its load, the market capacity utilization rate has increased, the pressure on on-site supply of goods has increased, and enterprises are actively shipping. Downstream market sentiment is not high, and a small amount of purchases are being made on demand, resulting in limited business transactions. Under the supply-demand game, the price of acetic acid continues to decline.
As of April 25th, the market prices of acetic acid in various regions are as follows:
Region /April 18th /April 25th /Rise and fall
South China region /2700 yuan/ton /2675 yuan/ton / -25
North China region /2765 yuan/ton /2675 yuan/ton / -90
Shandong region /2780 yuan/ton /2700 yuan/ton / -80
Jiangsu region /2580 yuan/ton /2540 yuan/ton / -40
Zhejiang region /2825 yuan/ton /2750 yuan/ton / -75
The upstream methanol market fluctuates within a certain range. From April 19th to 25th, the average domestic market price increased from 2413.75 yuan/ton to 2417.50 yuan/ton, with an overall increase of 0.16%. The recent demand for pre holiday stocking of methanol downstream in mainland China has provided some support for the market atmosphere, with smooth shipments from enterprises. However, there is still a wait-and-see attitude towards high prices, and the overall price changes in the market are limited.
The downstream acetic anhydride market continues to decline, with an average ex factory price of 4737.50 yuan/ton on April 25th, a decrease of 1.04% compared to the price of 4787.50 yuan/ton on April 19th. The upstream acetic acid market is weak and declining, with a negative impact on the cost of acetic anhydride. Acetic anhydride companies have a bearish attitude, with prices continuously decreasing. Downstream demand is limited, and market transactions are insufficient. Acetic anhydride prices have been weak during the cycle.
In terms of future market forecast, the acetic acid analyst from Shengyi Society believes that the current utilization rate of acetic acid production capacity is high, the market supply is sufficient, downstream buyers enter the market on demand, the trading atmosphere in the market is weak, and enterprise shipments are limited. Under the supply-demand game, it is expected that the acetic acid market will operate weakly in the short term. Specific attention should be paid to changes in the equipment and downstream follow-up situations.