July 27th, according to news
According to SpotCom data, as of July 26, the average market price of acetic acid in China was 3,223.33 CNY/ton, a decrease of 6.67 CNY/ton compared to the price of 3,230 CNY/ton on July 20, a price decrease of 0.21%.
This week, the acetic acid market in China was weak and consolidating. The price of raw material methanol fluctuated downward, weakening the cost support for acetic acid, which was insufficient to boost the acetic acid market. In terms of supply, although the overall operating rate of acetic acid is not high, previously shut-down facilities are gradually restarting, leading to an expected increase in supply and a weak market sentiment. At the same time, the end-market transactions were average, with poor buying interest from downstream, resulting in weak demand support. The market sentiment was in a state of tug-of-war, and the acetic acid prices weakened and declined during the week.
This week, the methanol raw material market in China showed a weak and volatile trend. As of July 26, the average price in the Chinese market was 2753 CNY/ton, a decrease of 1.33% compared to the price of 2790 CNY/ton on July 20. Downstream demand for methanol followed the basic needs, with the spot market showing a weak downward trend. Imports increased, leading to greater pressure on sales, and coastal methanol prices also showed a weak trend. The increase in spot prices was limited, and methanol prices fell during the week.
Downstream acetic anhydride prices showed a weak downward trend. From July 20 to 26, the average factory price of acetic anhydride in China fell from 5,362.50 CNY/ton to 5,237.50 CNY/ton, a decrease of 2.33%. Acetic anhydride production facilities operated smoothly, leading to increased market supply. However, demand from downstream buyers was limited, and transactions were mainly based on actual needs. Additionally, the cost side showed some easing, leading to a bearish sentiment among industry players, and acetic anhydride prices were adjusted downward during the week.
For the future market forecast, acetic acid analysts believe that the downstream demand for acetic acid in China is weak, and the sentiment of enterprises is poor. However, the overall operating rate of acetic acid is not high, providing some support from the supply side. It is expected that the downward space for acetic acid prices in the short term will be limited, with the market showing a narrow range of consolidation. Specific attention should be paid to the supply situation and the follow-up by downstream sectors.
