According to the commodity market analysis system of Shengyishe, the price of acetic acid has remained stable recently. On January 16th, the average market price of acetic acid was 3200 yuan/ton, which is the same as the price of 3200 yuan/ton on January 8th. The month on month decrease is 3.03%.

Recently, the acetic acid market has been observing and consolidating. With manufacturers actively shipping, the pressure on enterprise inventory has weakened. However, the overall market supply is relatively sufficient, and the rise of acetic acid is limited. Downstream buyers often follow up on demand, and the market trading atmosphere is weak. Under the game of supply and demand, the price of acetic acid in the market remains stable. As of January 16th, the market prices of acetic acid in various regions during the week are as follows:

The upstream raw material methanol market fluctuates in a range. On January 16th, the average price in the domestic market was 2432.50 yuan/ton, an overall increase of 0.38% compared to the price of 2423.33 yuan/ton on January 8th. Part of the companies on site have shut down their facilities, resulting in a strong increase in domestic methanol prices. In addition, the market trading atmosphere has improved, and transactions have improved. As a result, the company’s shipments have been good, and prices have increased again. However, due to high downstream inventory, the positive support is limited. At the same time, the supply expectation in the port area is high, and demand is weak, leading to a decline in the domestic methanol market.

The downstream acetic anhydride market is stabilizing. On January 16th, the ex factory price of acetic anhydride was 5837.50 yuan/ton, a decrease of 0.43% compared to the price of 5862.50 yuan/ton on January 8th. After the New Year’s Day holiday, the production of acetic anhydride enterprises has resumed and increased, and the inventory of manufacturers has increased. The market’s spot supply is relatively sufficient, and downstream purchasing enthusiasm is not high. They often follow up on demand. In addition, the price of raw material acetic acid is stable, and cost support is weak, resulting in stable operation of acetic anhydride prices.

In the future market forecast, the acetic acid analyst from Business Society believes that acetic acid companies are actively shipping, with reduced inventory. Downstream purchasing enthusiasm is average, market trading atmosphere is weak, and demand support is insufficient. It is expected that the acetic acid market will continue to remain stable in the short term. In the long run, there may be a demand for stocking in the downstream before the holiday, and it is expected that prices will rise in the future market, with overall slight fluctuations.