According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid has remained stable this week. As of August 11th, the average market price of acetic acid was 3375 yuan/ton, which is the same as the beginning of the week price of 3375 yuan/ton, with a month on month increase of 7.14%.

This week, the acetic acid market remained stable, with firm enterprise quotations being the main factor. During the week, manufacturers actively shipped goods with a slight decrease in inventory. Downstream market entry followed up as needed, and the sales pressure on enterprises was not high. Business operators had a wait-and-see attitude, and on-site transactions were still acceptable. Acetic acid prices remained stable.

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

Region/ On August 5th/ August 11th/ Rise and fall

South China region/ 3225 yuan/ton/ 3225 yuan/ton/ 0

North China region/ 3275 yuan/ton/ 3275 yuan/ton/ 0

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 is weak and declining. As of August 11th, the average price in the domestic market was 2460 yuan/ton, a decrease of 0.60% compared to the price of 2490 yuan/ton on August 5th. The downstream demand for methanol continues to be weak, with more supply side recovery than loss, resulting in an increase in capacity utilization and a bearish impact on the market, leading to a narrow decline in methanol spot prices.

Downstream acetic anhydride prices remained stable, with an average ex factory price of 5652.50 yuan/ton on August 11th, unchanged from the price of 5652.50 yuan/ton on August 5th. The upstream acetic acid market is stable, but the cost benefits for acetic anhydride are limited. Downstream acetic anhydride is following up as needed, and on-site trading is still acceptable. Market news is quiet, and the acetic anhydride market is operating steadily and observing.

Market forecast: The acetic acid analyst from Shengyi Society believes that the current market news is quiet, and domestic acetic acid plants maintain their previous load. There is no pressure on manufacturers’ inventory, and the mentality of industry players is mainly wait-and-see. Downstream market entry is mostly followed up according to demand. It is expected that the acetic acid market will consolidate in the short term, and attention will be paid to downstream follow-up in the future.