November China Acetic Acid Market Strongly Rises

December 1st news

According to the commodity market analysis system, the price of acetic acid continued to rise in November. By November 30, the price was 2,550 CNY/ton, an increase of 130 CNY/ton from the beginning of the month when it was 2,420 CNY/ton, representing a price increase of 5.37%.

In November, the price of acetic acid showed a strong upward trend. During the month, some manufacturers halted production for maintenance, leading to a decline in the operating rate of acetic acid and a decrease in supply. At the same time, corporate inventories fell, and producers were keen on maintaining prices. Downstream sectors followed up with demand as needed, and factories did not face significant sales pressure. Under the dominance of the supply side, the price of acetic acid continued to rise.

The raw material methanol market is experiencing a weak and fluctuating trend. As of November 30, the average price in the Chinese market was 2120 CNY/ton, a decrease of 1.62% compared to the beginning of the month at 2155 CNY/ton. The port market inventory of methanol remains high, with high supply levels continuously suppressing prices. The domestic market's supply and demand situation remains weak, with limited shipments from enterprises, and the weak market situation has not yet improved. The methanol market is consolidating with fluctuations.

Future Market Forecast: Analysts believe that acetic acid companies’ inventories continue to decline, and market sentiment remains optimistic. Supply-side pressure is relatively mild, while demand is driven by spot purchases as needed. The overall market atmosphere continues to strengthen, and it’s expected that the acetic acid market will remain strong next month. Specific attention should be paid to how downstream sectors respond.