According to the Commodity Market Analysis System of Shengyi Society, the price trend of acetic acid in March first increased and then decreased. As of March 31, the price was 2810 yuan/ton, which is an increase of 10 yuan/ton compared to the acetic acid price of 2800 yuan/ton at the beginning of the month, with a monthly increase of 0.36%.
As of the end of the month, the market price details of acetic acid in various regions of China in March are as follows:
Region/ On March 1st/ On March 11th/ March 31st
South China region/ 2950 yuan/ton/ 2925 yuan/ton/ 2800 yuan/ton
North China region/ 2750 yuan/ton/ 2825 yuan/ton/ 2710 yuan/ton
Shandong region/ 2750 yuan/ton/ 2880 yuan/ton/ 2750 yuan/ton
Jiangsu region/ 2730 yuan/ton/ 2740 yuan/ton/ 2625 yuan/ton
Zhejiang region/ 2950 yuan/ton/ 2950 yuan/ton/ 2850 yuan/ton
In early March, the price of acetic acid rose strongly, mainly due to the maintenance of some factory facilities, resulting in a decrease in the utilization rate of acetic acid production capacity. At the same time, the bidding prices of large factories in the northwest continued to rise, and the atmosphere in the market was bullish. The market trading direction was good, and the acetic acid quotation was adjusted upwards; In the second half of the year, as the maintenance equipment resumed operation, the market supply increased, but downstream entry enthusiasm was not high, market transactions were limited, and sales pressure from manufacturers continued to increase. Under the supply-demand game, the price of acetic acid continued to decline.
The methanol market on the raw material side is fluctuating and consolidating. As of March 31st, the average price in the domestic market was 2590 yuan/ton, a decrease of 1.49% compared to the beginning of the month price of 2629 yuan/ton. During the month, some methanol plants were shut down for maintenance, boosting the spot market. However, downstream traders are mainly observing and waiting, and their enthusiasm for purchasing goods is limited. There is insufficient support for favorable conditions in the market. At the same time, some areas have increased their supply of goods, leading to a weak downward trend in the methanol market due to active destocking.
Market forecast: Business analysts believe that the current trading atmosphere in the acetic acid market is relatively weak, with industry players mainly negotiating on demand. In the short term, the acetic acid market will continue to operate steadily, and some domestic manufacturers will release maintenance plans in the later stage, which will have a certain boost to the market. The sales pressure on the supply side will weaken. In the long run, the utilization rate of acetic acid production capacity next month will decrease, and the price of acetic acid in the future may rise strongly. Please pay attention to the follow-up situation downstream.