This Week's Acetic Acid Market Continues to Show Strength

September 29, News

According to the commodity market analysis system, as of September 28, the average price of acetic acid in the market was 2640 CNY/ton, an increase of 20 CNY/ton compared to the price of 2620 CNY/ton on September 22, with a price increase of 0.76%. This week, the acetic acid market in China continued to operate strongly; some maintenance facilities have not yet resumed operations, leading to a decrease in the capacity utilization rate of acetic acid. Pre-holiday restocking by downstream buyers proceeded smoothly, improving the trading atmosphere. Companies were actively shipping out products, maintaining low inventory levels. The fundamental performance was mainly positive, and industry participants held a bullish mentality, leading to another increase in acetic acid prices.

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This week, the methanol market experienced volatile price movements. As of the 28th, the average price in China stood at 2,263 CNY per ton, representing a 0.35% increase compared to the price of 2,255 CNY per ton on September 22nd. Recently, import volumes remained high, leading to continued inventory buildup at port terminals. Meanwhile, downstream buyers have been taking advantage of lower prices to replenish their stocks, putting ongoing downward pressure on the spot market. Overall, the market continues to show a weak trend, with prices fluctuating narrowly within a tight range.

The downstream acetic anhydride market remained strong, with the average ex-factory price holding steady at 4,212.50 CNY per ton from September 22 to 28. Meanwhile, upstream acetic acid prices stayed elevated, bolstering positive market sentiment for acetic anhydride. Ahead of the holiday period, downstream buyers continued to replenish supplies based on their immediate needs, allowing businesses to maintain decent sales volumes. As a result, acetic anhydride prices remained stable and largely in a wait-and-see mode throughout the period.

Looking ahead, acetic acid analysts note that China's acetic acid capacity utilization rate has declined compared to the previous month, while corporate inventories are trending downward. Downstream industries are nearing the end of their restocking phases, leading to demand-driven market activity. Currently, supply is tight relative to demand, and the market is expected to remain firmly supported in the near term. Moving forward, attention will be focused on how market supply dynamics evolve.