Early September Acetic Acid Market Remains Strong

September 10th, news

According to the commodity market analysis system, as of September 10th, the average market price of acetic acid was 2,500 CNY/ton, an increase of 70 CNY/ton compared to the price of 2,430 CNY/ton on September 1st, with a price increase of 2.88%. Since September, the acetic acid market in China has been strong. On the supply side, acetic acid production in Henan is at a low level, with the main production facilities still shut down. Market sentiment is positive, and factories are holding firm on their quotes, leading to higher acetic acid prices in other regions of China. On the demand side, downstream buyers are purchasing according to their needs, and companies are not facing significant sales pressure. Influenced by market sentiment, acetic acid prices remained firm in early September.

In early September, the methanol raw material market showed a strong trend. As of the 10th, the average price in the Chinese market was 2,296 CNY/ton, an increase of 1.91% compared to the price of 2,253 CNY/ton on September 1st. The methanol futures market rose, driving the spot methanol market to improve, and companies' quotations increased. However, some downstream customers were resistant to the high prices, and the demand side had a certain restraining effect on the price increase, with prices rising slightly during the period.

The downstream acetic anhydride market in China has seen a slight increase. From September 1st to 10th, the average factory price of acetic anhydride rose from 4,092.50 CNY/ton to 4,117.50 CNY/ton, a price decrease of 0.61%. The upstream acetic acid market is relatively strong, and the acetic anhydride market sentiment is bullish. However, the demand from the downstream sector is moderate, with limited shipments from enterprises. There is a psychological tug-of-war in the market, and the acetic anhydride prices have fluctuated slightly within the cycle.

Looking ahead, acetic acid analysts believe that several Chinese acetic acid production units undergoing maintenance have yet to resume operations, keeping market sentiment generally firm. At the same time, companies are facing limited inventory pressure, and supply conditions remain relatively strong. Downstream demand is aligning closely with current needs, fostering a positive trading atmosphere in the market. As a result, acetic acid prices are expected to stabilize and remain in a cautious, wait-and-see mode going forward. Market participants will continue to monitor supply dynamics in the coming period.