According to the Commodity Market Analysis System of Shengyi Society, as of November 11th, the average price of acetic acid was 2770 yuan/ton, a decrease of 80 yuan/ton or 2.81% compared to the price of 2850 yuan/ton on November 1st.

The acetic acid market continued to decline in November, with companies continuously lowering their quotes. On the supply side, there is little change in the acetic acid plant on site, and the inventory of the enterprise continues to accumulate. The mentality of the operators is weak, and the shipping sentiment is strong; On the downstream side, the terminal market trading is weak, the downstream market is weak, the demand performance is insufficient, the market trading is weak, and there are significant bearish factors in the market, resulting in a weak downward trend in acetic acid prices.

As of November 11th, the market prices of acetic acid in various regions are as follows:

Region/ November 1st/ November 11th/ Rise and fall

South China region/ 2775 yuan/ton/ 2675 yuan/ton/ -100

North China region/ 2775 yuan/ton/ 2660 yuan/ton/ -115

Shandong region/ 2750 yuan/ton/ 2670 yuan/ton/ -80

Jiangsu region/ 2600 yuan/ton/ 2500 yuan/ton/ -100

Zhejiang region/ 2700 yuan/ton/ 2600 yuan/ton/ -100

The upstream methanol market fluctuates within a certain range. From November 1st to 11th, the average price in the domestic market decreased from 2475.00 yuan/ton to 2464.17 yuan/ton, with an overall decline of 0.44%. Downstream demand continues to be sluggish, market buying power is weak, the futures market lacks sufficient boost, and the momentum for methanol spot price increase is weak. At the same time, the recent increase in shipping costs has led to a weak operation of methanol prices.

The downstream acetic anhydride market is weak and declining. On November 11th, the average ex factory price of acetic anhydride was 5052.50 yuan/ton, a decrease of 0.98% compared to the price of 5102.50 yuan/ton on November 1st. The upstream acetic acid market continues to decline, the cost of acetic anhydride is bearish, downstream entry enthusiasm is not high, market orders are limited, and the mentality of operators is poor, resulting in a decrease in acetic anhydride prices.

Market forecast: Business Society’s acetic acid analyst believes that the acetic acid plant is operating normally, the market supply is sufficient, and there is significant pressure on companies to ship; Downstream and traders have weak purchasing power, the market trading atmosphere is weak, and the supply on the market is strong while demand is weak. It is expected that the acetic acid market will remain weak and stable in the short term, and attention will be paid to downstream follow-up in the future.