SunSirs: The Acetic Acid Market Remained Stable Last Week

https://www.chemnet.com   Aug 14,2024

According to the commodity market analysis system of SunSirs, the price trend of acetic acid was stable last week. As of August 11, the average market price of acetic acid was 3,375 RMB/ton, which was the same as the price of 3,375 RMB/ton at the beginning of the week, and increased by 7.14% month-on-month.

The acetic acid market remained stable last week, and the company's quotations were mainly firm. During the week, manufacturers actively shipped goods, inventory declined, and downstream companies followed up on demand. The sales pressure of enterprises was not great, and the industry was in a wait-and-see attitude. The transaction on the market was acceptable, and the price of acetic acid remained stable.

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

The upstream raw material methanol market is weak and downward. As of August 11, the average price in the domestic market was 2460 RMB/ton, a price drop of 0.60% compared with the price of 2490 RMB/ton on August 5. The downstream demand for methanol continued to be weak, the supply side recovered more than the loss, and the capacity utilization rate increased, which had a negative impact on the market, and the spot price of methanol fell narrowly.

The downstream acetic anhydride price is mainly stable. On August 11, the average ex-factory price of acetic anhydride was 5652.50 RMB/ton, which was the same as the price of 5652.50 RMB/ton on August 5. The upstream acetic acid market is stable, the cost of acetic anhydride is limited, the downstream acetic anhydride follows up on demand, the trading in the market is OK, the market news is quiet, and the acetic anhydride market is stable and wait-and-see.

Forecast for the future market, the acetic acid analyst of SunSirs believes that the current market news is quiet, the domestic acetic acid plant maintains the previous load, the manufacturer's inventory is not under pressure, the industry is mainly wait-and-see, and the downstream market is mostly followed up on demand. It is expected that the acetic acid market will consolidate in the short term, and the downstream follow-up situation will be paid attention to in the future market.

If you have any questions, please feel free to contact SunSirs with?support@sunsirs.com.

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