This week, the domestic acetic acid market has seen a slight increase

November 17th, according to news from China,

According to the commodity market analysis system, as of November 16th, the average market price of acetic acid was 2433.33 CNY/ton, an increase of 13.33 CNY/ton compared to the price of 2420.00 CNY/ton on November 10th, with a price increase of 0.55%. This week, the acetic acid market in China saw a slight upward trend, mainly due to a decrease in the capacity utilization rate of acetic acid production, reduced market inventory pressure, and a positive sentiment among enterprises, leading to a strong upward adjustment in acetic acid prices. In terms of demand, downstream buyers are purchasing based on their needs, with limited market transactions, resulting in weaker support for acetic acid.

This week, the methanol raw material market showed a fluctuating consolidation. As of the 16th, the average price in the Chinese market was 2070 CNY/ton, which is a 0.15% increase compared to the price of 2067 CNY/ton on November 10th. Methanol imports remain high, with port inventory continuously accumulating. Although downstream demand has shown some recovery, the market fundamentals still indicate an oversupply. Methanol producers face significant pressure in moving their inventory, and the methanol market continues to operate in a fluctuating manner.

The downstream acetic anhydride market is in a wait-and-see mode. From November 10 to 16, the average ex-factory price of acetic anhydride remained at 4,107.50 CNY/ton. The upstream acetic acid market showed a strong upward trend, providing favorable support for the cost of acetic anhydride. However, the enthusiasm of downstream buyers was not high, leading to a weak market transaction atmosphere. Within the industry, there is a psychological tug-of-war, and during this period, the price of acetic anhydride stabilized.

Looking ahead, acetic acid analysts note that several manufacturers in China have halted production for maintenance, which has eased inventory pressure across the industry. As a result, market sentiment remains predominantly bullish, though downstream demand is largely following end-use needs rather than driving significant growth. Meanwhile, overall market activity remains subdued, exerting some downward pressure on acetic acid prices. Consequently, the market is expected to enter a period of cautious consolidation and stabilization in the near term. Moving forward, attention will be focused on how supply conditions evolve in the coming weeks.