According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid fluctuated and rose in July, with a price of 3325 yuan/ton as of July 31. Compared with the acetic acid price of 3080 yuan/ton at the beginning of the month, it increased by 245 yuan/ton during the month, with an overall increase of 7.95%.

As of the end of the month, the market price details of acetic acid in various regions of China in July are as follows:

Region/ On July 1st/ July 16th/ July 31st

South China region/ 3100 yuan/ton/ 3225 yuan/ton/ 3175 yuan/ton

North China region/ 3100 yuan/ton/ 3375 yuan/ton/ 3225 yuan/ton

Shandong region/ 3080 yuan/ton/ 3350 yuan/ton/ 3275 yuan/ton

Jiangsu region/ 2955 yuan/ton/ 3200 yuan/ton/ 3175 yuan/ton

Zhejiang region/ 3055 yuan/ton/ 3300 yuan/ton/ 3275 yuan/ton

The acetic acid market fluctuated strongly in July. At the beginning of the month, the manufacturer’s equipment was operating normally, the company’s supply of goods was sufficient, downstream demand was sluggish, the market trading atmosphere was average, the company’s inventory accumulated, and the price of acetic acid continued to decline in June; In the middle of the month, the bidding prices in the northwest region continued to rise, and there was a strong intention to increase prices in the market. Downstream buyers actively entered the market, and the market trading atmosphere improved. Acetic acid prices in many places rose; In the latter half of the month, the recovery of demand side procurement was weak, and some manufacturers had poor shipments, resulting in a significant decrease in acetic acid prices. At the end of the month, the bidding prices of the main factories in the northwest remained strong and rose, while other regions were optimistic, leading to a rebound in acetic acid market prices.

The methanol market on the raw material side is weak and volatile. As of July 31st, the average price in the domestic market was 2510.00 yuan/ton, a decrease of 0.89% compared to the beginning of the month price of 2532.50 yuan/ton. During the month, the overall supply of methanol market was sufficient, and downstream demand remained weak. Except for some methanol plant maintenance and downstream stage procurement, which boosted the market to a certain extent, the overall performance of methanol prices was weak, and market trading was limited. The methanol market is observing and consolidating its operation.

Market forecast: Business analysts believe that the price of acetic acid is rebounding and rising, and the supply side plans to have more equipment maintenance in August, resulting in a decrease in market supply; On the demand side, downstream customers follow up on demand for goods, and the market mentality is mainly wait-and-see. Considering the impact of buying up rather than buying down sentiment, it is expected that the acetic acid market price will be strong in August, and specific attention will be paid to downstream replenishment in the future.