According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid in East China remained stable on June 25th, with a market average price of 2573.33 yuan/ton, unchanged from yesterday’s price and a decrease of 4.69% compared to the beginning of the month. The domestic acetic acid market is stable with small fluctuations, with stable prices in East China and an increase in market prices in South China. The acetic acid plant on the supply side is running smoothly, with a high capacity utilization rate. Downstream demand sentiment is mixed, and companies mainly ship according to demand. The market mentality is wait-and-see, and the price of acetic acid is running steadily.
The price of upstream raw material methanol has fallen. On June 25th, the average price in the domestic market was 2646.67 yuan/ton, a decrease of 0.38% compared to yesterday’s price of 2656.67 yuan/ton. The downstream of methanol has a general acceptance of high prices, and the mentality of industry players is poor. Methanol prices continue to decline, while external prices have fallen, suppressing spot prices and causing a weak downward trend in the methanol market.
Market forecast: Business Society’s acetic acid analyst believes that the domestic acetic acid production capacity utilization rate is relatively high, and enterprises maintain active shipment as the main factor. Downstream companies follow up as needed, and the trading atmosphere on the market is still acceptable. The market supply and demand game is expected, and the acetic acid market is expected to operate in a wait-and-see manner. The future market will pay attention to downstream follow-up.