This week's acetic acid market trend in China has risen

July 31 News

According to the commodity market analysis system, the price trend of acetic acid increased this week. As of the 31st, the average market price of acetic acid was 2,400 CNY/ton, up 50 CNY/ton from the price of 2,350 CNY/ton on July 28th, with a price increase of 2.13%. The acetic acid market in China is operating with regional differences; prices in Shandong region have risen, while those in South China have decreased. On the supply side, the operating rate of acetic acid production is high, and the market supply is sufficient. In terms of demand, downstream buyers are purchasing according to their needs, and the sales volume varies across different regions. Acetic acid companies are adjusting their quotations based on their inventory levels, and overall, the market consumption is limited. The acetic acid market is currently in a state of watchful consolidation.

Upstream methanol prices first rose and then fell. As of the 31st, the average price in the Chinese market was 2,393.33 CNY/ton, which is not much different from the price of 2,392.50 CNY/ton on July 28th. At the end of the month, influenced by macroeconomic policies, port and spot methanol prices strengthened, but due to weak downstream demand, the market trading atmosphere was poor, with limited sales within the market, leading to another downward adjustment in methanol prices.

The downstream acetic anhydride market in China is stable and watchful. From July 28 to July 31, the average ex-factory price of acetic anhydride remained at 4,092.50 CNY/ton. The upstream acetic acid market in China showed a relatively strong trend, but the purchasing atmosphere in the market was average, providing limited support to acetic anhydride. Downstream buyers mainly entered the market based on their needs, and the market transactions followed steadily. During this period, the price of acetic anhydride remained stable.

Regarding future market predictions, acetic acid analysts believe that China's acetic acid capacity utilization rate remains high, market inventory levels are sufficient, and enterprises show a clear willingness to ship products. However, downstream transactions are limited, resulting in low purchasing enthusiasm for acetic acid. The current market situation indicates oversupply. It is expected that the acetic acid market will remain weak and consolidate in the short term, with attention focused on downstream follow-up developments.