According to the commodity market analysis system of Business Society, the price of acetic acid has remained stable recently. On February 7th, the average market price of acetic acid was 330 yuan/ton, which is the same as the price of 3300 yuan/ton on February 1st, with a month on month increase of 4.76%.
Recently, the acetic acid market has remained stable. As the Spring Festival holiday approaches, downstream companies are gradually entering a state of vacation, with weakened purchasing enthusiasm and a weak market trading atmosphere. At the same time, the northern regions of Central China are affected by weather, logistics transportation is limited, factory shipments are poor, manufacturers are hesitant, and acetic acid quotations remain stable and operate on a wait-and-see basis. As of February 7th, the market prices of acetic acid in various regions are as follows:
Region/ February 7th/ February 7th/ Rise and fall
South China region/ 3125 yuan/ton/ 3125 yuan/ton/ 0
North China region/ 3275 yuan/ton/ 3250 yuan/ton/ -25
Shandong region/ 3300 yuan/ton/ 3300 yuan/ton/ 0
Jiangsu region/ 3125 yuan/ton/ 3050 yuan/ton/ -75
Zhejiang region/ 3225 yuan/ton/ 3150 yuan/ton/ -75
The upstream raw material methanol market is relatively strong and rising. On February 7th, the average price in the domestic market was 2640.00 yuan/ton, an overall increase of 3.06% compared to the price of 2561.67 yuan/ton on February 1st. Domestic methanol plants are gradually recovering, and production enterprises still face supply pressure, with some enterprises still having inventory demand before the holiday. Affected by rainy and snowy weather, it has placed a burden on the unloading speed. At the same time, the transportation cost from the northwest production area to the sales area market has increased, leading to a significant increase in domestic methanol prices.
The downstream acetic anhydride market remains stable and watchful. On February 7th, the ex factory price of acetic anhydride was 5875 yuan/ton, which is unchanged from the price of 5875 yuan/ton on February 1st. As the Spring Festival approaches, some acetic anhydride enterprises have suspended production, resulting in a decrease in acetic anhydride supply, stable raw material acetic acid prices, and weak cost support. At the same time, downstream acetic anhydride enterprises have started production at a low level, resulting in poor demand for acetic anhydride. The market trading atmosphere is light, and the price of acetic anhydride is operating steadily.
In the future market forecast, the acetic acid analyst from Business Society believes that as the Spring Festival approaches, the market is mostly in a state of delisting and vacation. Acetic acid companies have stable quotations, and downstream purchasing enthusiasm is average. The trading atmosphere on the market is weak, and it is expected that the short-term acetic acid market will remain stable and operate on a wait-and-see basis. In the future, attention will be paid to the situation of downstream replenishment after the holiday.