Acetic Acid Prices Continue to Rise in Early December

December 10th, news

According to the commodity market analysis system, as of December 10, the average market price of acetic acid in China was 2636.67 CNY/ton, an increase of 86.67 CNY/ton compared to the price of 2550.00 CNY/ton on December 1, with a price increase of 3.40%. In early December, the acetic acid market in China continued to rise. On the supply side, some maintenance plants delayed their restarts, and at the same time, new enterprises underwent plant maintenance, leading to a decrease in the operating rate of acetic acid production, a reduction in the supply of spot goods, and continuously declining inventories. The market atmosphere strongly supported price increases. On the demand side, performance was stable, with buyers following up according to their needs. The strong support from suppliers led to a robust upward trend in acetic acid prices.

In early December, the methanol raw material market showed a weak downward trend. As of the 10th, the average price in the Chinese market was 2,080.00 CNY/ton, a decrease of 2.12% compared to the price of 2,125.00 CNY/ton on December 1st. The arrival volume of methanol in December increased, with ample supply in the port market. The operating rate of methanol production in China is expected to rise, leading to significant pressure on spot supply. At the same time, downstream inventories are high, and the atmosphere for entering the market to purchase is weak, resulting in poor sales performance for methanol enterprises. The methanol market is running weakly.

The downstream acetic anhydride market in China has shown a strong upward trend, with the average ex-factory price increasing from 4012.50 CNY/ton to 4130.00 CNY/ton between December 1st and December 10th, a price increase of 2.93%. The upstream acetic acid prices have continued to rise, increasing the cost pressure on acetic anhydride. Downstream buyers are purchasing according to their needs, and demand has somewhat recovered. With cost support, the acetic anhydride prices have been running strongly within this period.

For the future market forecast, acetic acid analysts believe that the operating rate of acetic acid in China is not high, and the inventory of enterprises is low. Manufacturers have a clear bullish mentality, while downstream purchases are following demand. The supply fundamentals are strong, and it is expected that the acetic acid market will remain firm in the later period. The focus will be on the market supply situation.