According to the Commodity Market Analysis System of Business Society, the price of acetic acid has decreased this week. On May 24th, the average market price of acetic acid was 3200 yuan/ton, a decrease of 100 yuan/ton compared to the price of 3300 yuan/ton on May 20th, a decrease of 3.03% during the week and a decrease of 1.54% compared to the beginning of the month.

This week, the acetic acid market was weak. With the resumption of operation of some maintenance equipment, the inventory of manufacturers has increased. In order to promote the reduction of acetic acid quotations for inventory, and at the same time, downstream resistance to high priced sources of goods has led to low enthusiasm for entering the market and purchasing goods. The market trading atmosphere is weak, and the mentality of manufacturers is empty. The focus of acetic acid trading has once again shifted downwards.

As of May 24th, the market prices of acetic acid in various regions are as follows:

Region/ May 20th/ May 24th/ Rise and fall

South China region/ 3275 yuan/ton/ 3225 yuan/ton/ -50

North China region/ 3275 yuan/ton/ 3225 yuan/ton/ -50

Shandong region/ 3300 yuan/ton/ 3200 yuan/ton/ -100

Jiangsu region/ 3175 yuan/ton/ 3100 yuan/ton/ -75

Zhejiang region/ 3300 yuan/ton/ 3225 yuan/ton/ -75

The upstream raw material methanol market has fallen from a high level. On May 24th, the average price in the domestic market was 2750 yuan/ton, a decrease of 8.94% compared to the price of 3020 yuan/ton on May 20th. The early maintenance equipment has been gradually restored, the situation of imported goods arriving at the port has been alleviated, port inventory has rebounded, and the social stock of the methanol market is gradually increasing. Downstream, demand orders are mainly in demand, and the market supply is clearly oversupplied. The prices of methanol in ports and mainland China continue to decline.

The downstream acetic anhydride market is operating weakly. On May 24th, the ex factory price of acetic anhydride was 5525.00 yuan/ton, a decrease of 1.12% compared to the price of 5587.50 yuan/ton on May 20th. The upstream acetic acid market is weak and downward, with weak cost support for acetic anhydride. The supply of acetic anhydride market is sufficient, downstream production is stable, on-site trading follows up as needed, and the enthusiasm for entering the market is average. The upstream market has driven the price of acetic anhydride to decline.

In the future market forecast, the acetic acid analyst from Business Society believes that the inventory pressure of acetic acid enterprises is still acceptable, the sales pressure of manufacturers is weakened, downstream demand continues to be weak, and the enthusiasm for entering the market to purchase goods is average. On market trading is limited, and under the supply-demand game, it is expected that the short-term acetic acid market will be wait-and-see consolidation, with prices possibly fluctuating narrowly. In the future, attention will be paid to downstream follow-up.