According to the Commodity Market Analysis System of Shengyishe, the average market price of acetic acid on November 30th was 3225 yuan/ton, an increase of 1.57% compared to the price of 3175 yuan/ton on November 23rd, and an increase of 2.38% from the beginning of the month.

This week, the acetic acid market has been relatively strong, with frequent fluctuations in supplier equipment, unexpected failures in Anhui Huayi and Jiangsu Sopu acetic acid plants, low load operation of Guangxi acetic acid enterprises, reduced market supply, low inventory operation of manufacturers, and high downstream capacity utilization, resulting in good demand for acetic acid. As a result, the willingness of acetic acid enterprises to raise prices has increased, leading to an upward trend in market price consolidation. As of November 30th, the market prices of acetic acid in various regions during the month are as follows:

Region/ November 23rd/ November 30th/ Rise and fall

South China region/ 3075 yuan/ton/ 3150 yuan/ton/ seventy-five

North China region/ 3100 yuan/ton/ 3175 yuan/ton/ seventy-five

Shandong region/ 3125 yuan/ton/ 3175 yuan/ton/ fifty

Jiangsu region/ 3040 yuan/ton/ 3200 yuan/ton/ one hundred and sixty

Zhejiang region/ 3140 yuan/ton/ 3300 yuan/ton/ one hundred and sixty

The upstream raw material methanol market has risen strongly. As of November 30th, the average price in the domestic market was 2510.83 yuan/ton, an overall increase of 6.13% compared to the price of 2365.83 yuan/ton on November 23rd. Due to restrictions on export production and reduced supply of natural gas, the cost side is favorable for the methanol market. In some regions, there has been an increase in equipment maintenance, and inventory pressure has slightly eased. At the same time, downstream product prices have risen, and supply has been gradually replenished, with good demand support. Under multiple favorable factors, the methanol market has rebounded and risen.

The downstream acetic anhydride market first fell and then rose. As of November 30th, the factory price of acetic anhydride was 5712.50 yuan/ton, an increase of 0.22% compared to the price of 5700.00 yuan/ton on November 23rd. The equipment of acetic anhydride manufacturers has started to restart, the load has increased, and the supply of acetic anhydride spot market is sufficient. The downward pressure on acetic anhydride is significant, and the upstream acetic acid price has increased. The cost support for acetic anhydride has increased, and the price of acetic anhydride has stopped falling and rebounded.

In the future market forecast, the acetic acid analyst from Business Society believes that the operating load of acetic acid has decreased, manufacturers are operating at a low level of inventory, and there is a strong upward momentum. The downstream capacity utilization rate is high, and the demand for acetic acid is good. The market supply and demand support is good, and it is expected that acetic acid will operate stronger in the short term. In the future, specific attention will be paid to downstream replenishment situation.