Acetic Acid Market Trends Remain Strong

November 26 news

According to the commodity market analysis system, on November 26, the average price of acetic acid in the Chinese market was 2536.67 CNY/ton, an increase of 13.34 CNY/ton compared to the previous day's price of 2523.33 CNY/ton, with a price increase of 0.53%. The acetic acid market in China is showing a strong trend, supported by long-term orders at the end of the month. Inventory levels in enterprises are decreasing, and there is a strong intention to raise prices among market participants. Additionally, some manufacturers have halted production for maintenance, leading to a positive outlook from the supply side. As a result, the price of acetic acid has increased. In terms of demand, there is not much fluctuation downstream, and purchases are mainly based on actual needs, with a generally acceptable trading atmosphere in the market.

On the 26th, the spot price of methanol rose, increasing from 2,055 CNY/ton to 2,079 CNY/ton, a price increase of 1.17%. Downstream demand for methanol continued to pick up, and the spot market showed a robust trading atmosphere. Enterprises are facing relatively little inventory pressure, and the methanol market is trending stronger.

Looking ahead, acetic acid analysts believe that as some production units in China’s acetic acid market resume operations at a slower pace, market supply pressures are easing, corporate inventories are declining, and industry players are showing a strong willingness to hold prices. Meanwhile, downstream buyers are purchasing only as needed, providing robust support from the supply side. Consequently, the acetic acid market is expected to remain relatively strong in the coming period. Going forward, market attention will be focused on supply conditions.