Recent Acetic Acid Market Continues to Operate Strongly in China

December 18th, According to the news

According to the commodity market analysis system, as of December 17th, the average price of acetic acid in the Chinese market was 2660 CNY/ton. Compared to the price of 2636.67 CNY/ton on December 10th, it has increased by 23.33 CNY/ton, a price increase of 0.88%.

Recently (12.10-12.17), the acetic acid market in China has continued to operate strongly. In terms of supply, faulty equipment is gradually being restored, and the operating rate of acetic acid has slightly increased from last week. The inventory of some enterprises has fluctuated narrowly, and the overall spot supply pressure in the market is not significant. On the downstream side, most operations are stable, with purchases made according to demand. The market sentiment is positive, and acetic acid prices remain firm.

Recent methanol raw material prices have been relatively strong. As of the 17th, the average price in the Chinese market was 2,126 CNY/ton, an increase of 2.21% compared to the price of 2,080 CNY/ton on December 10th. The Chinese methanol market is supported by transportation costs, with local prices remaining firm. However, there is still supply pressure in the port market, which restrains the rise in spot prices. At the same time, downstream demand is limited, and market transactions are moderate, leading to minor fluctuations in the methanol market.

The downstream acetic anhydride market in China showed a strong upward trend, with the average ex-factory price increasing from 4130 CNY/ton to 4170 CNY/ton between December 10 and 17, a price increase of 0.97%. The upstream acetic acid market remained firm, continuously benefiting the cost side of acetic anhydride. Downstream operations were stable, with demand-driven purchases, and there was strong support within the market. As a result, the price of acetic anhydride continued to rise during this period.

Looking ahead, acetic acid analysts believe that China’s acetic acid production facilities are recovering slowly, putting little pressure on corporate inventories. Manufacturers remain optimistic, and downstream demand continues to show stability, providing solid fundamental support. It is expected that the acetic acid market will stabilize in the near term. Going forward, attention should be paid to market supply conditions.