According to the Commodity Market Analysis System of Shengyi Society, the price trend of acetic acid remained stable this week. As of August 18th, the average market price of acetic acid was 3375 yuan/ton, which was the same as the beginning of the week price of 3375 yuan/ton, with a month on month increase of 0.75%.

This week, the acetic acid market remained stable with small fluctuations, with stable enterprise quotations being the main factor. On the supply side, the utilization rate of acetic acid production capacity has declined, but due to poor demand performance, downstream inventory consumption is the main factor, and on-site trading is limited, offsetting the benefits brought by equipment maintenance. Only some areas have slightly increased, and the acetic acid market as a whole is stabilizing.

As of August 18th, the market prices of acetic acid in various regions are as follows:

Region/ August 12th/ August 18th/ Rise and fall

South China region/ 3225 yuan/ton/ 3275 yuan/ton/ 50

North China region/ 3275 yuan/ton/ 3300 yuan/ton/ 25

Shandong region/ 3325 yuan/ton/ 3325 yuan/ton/ 0

Jiangsu region/ 3200 yuan/ton/ 3200 yuan/ton/ 0

Zhejiang region/ 3300 yuan/ton/ 3300 yuan/ton/ 0

The upstream raw material methanol market first rose and then fell. As of August 18th, the average price in the domestic market was 2411.67 yuan/ton, a decrease of 0.38% compared to the price of 2420.83 yuan/ton on August 12th. The downstream production of methanol has not changed much, and demand remains weak. The recovery of supply side exceeds the loss, and the utilization rate of production capacity has increased. The methanol supply side is negatively affected, and the overall spot price of methanol is weak.

Downstream acetic anhydride prices remain stable and under observation. On August 18th, the average ex factory price of acetic anhydride was 5602.50 yuan/ton, unchanged from the price of 5602.50 yuan/ton on August 12th. The upstream acetic acid market is mainly stable, with average cost support for acetic anhydride. Downstream acetic anhydride follows up as needed, and the market news is quiet. The acetic anhydride market is operating on a wait-and-see basis.

Market forecast: The acetic acid analyst from Shengyi Society believes that the utilization rate of supply capacity is not high, and there is no pressure on manufacturers’ inventory. Manufacturers have a tendency to explore price increases. Currently, downstream companies are adopting a wait-and-see attitude and following up on market demand. There is a supply-demand stalemate in the market. It is expected that the acetic acid market will consolidate and operate in the short term, and downstream follow-up will be closely monitored in the future.