The domestic acetic acid market is operating on a wait-and-see basis. The utilization rate of on-site acetic acid production capacity is relatively high, and the market supply is relatively sufficient. Enterprises are actively shipping, and downstream companies follow up on demand. The enthusiasm for entering the market to pick up goods is moderate. The on-site trading atmosphere is light, and under the supply and demand game, the price of acetic acid is temporarily stable.

According to bulk data monitoring by Business News Agency, as of March 26, the average price of acetic acid in East China was 3200.00 yuan/ton, which was the same as the price on March 20, with an increase of 1.59% compared to the beginning of the month. As of March 26, the market prices of acetic acid in various regions during the week were as follows:

Region/ March 20th/ March 26th/ Price fluctuation

South China region/ 3150 yuan/ton/ 3150 yuan/ton/ 0

North China/ 3000 yuan/ton/ 3000 yuan/ton/ 0

Shandong region/ 3000 yuan/ton/ 3000 yuan/ton/ 0

Jiangsu region/ 2950 yuan/ton/ 2950 yuan/ton/ 0

Zhejiang Region/ 3050 yuan/ton/ 3050 yuan/ton/ 0

The upstream raw material methanol market is operating in a volatile manner. As of March 26, the average price in the domestic market was 2593 yuan/ton, an overall decrease of 0.95% compared to the price of 2618 yuan/ton on March 20. The raw material coal market is dominated by wait-and-see consolidation, with a lack of positive support on the cost side. At the same time, the spot buying performance is weak, and the methanol market is weak in consolidation.

The downstream acetic anhydride market is up. As of March 26, the factory price of acetic anhydride was 5337 yuan/ton, an increase of 1.18% compared to the price of 5275 yuan/ton on March 20. The upstream acetic acid price is stable, and the cost support for acetic anhydride is limited. The downstream delivery of acetic anhydride follows up on demand. The market negotiation atmosphere is good, and the price of acetic anhydride has increased slightly.

In the future market forecast, the acetic acid analyst from the Business Agency believes that the acetic acid market has sufficient supply, while the downstream demand is weak. The market has followed up on demand. The market has learned that the acetic acid manufacturers in the northwest region have maintenance plans, and the supply of acetic acid may be less. It is expected that the acetic acid market may increase slightly in the future, with specific attention paid to the downstream follow-up situation.