According to the Commodity Market Analysis System of Shengyi Society, as of December 10th, the average market price of acetic acid was 2636.67 yuan/ton, an increase of 86.67 yuan/ton or 3.40% compared to the price of 2550.00 yuan/ton on December 1st. The domestic acetic acid market continued to rise in early December. In terms of supply, the restart of some maintenance equipment has been postponed, and new enterprise equipment maintenance has been added. The operating rate of acetic acid has decreased, the market spot supply has decreased, and the inventory of enterprises continues to decline. The atmosphere of rising prices in the market is strong, and downstream performance is stable. Follow up on market demand, strong support from market suppliers, and a strong upward trend in acetic acid prices.
In early December, the raw material methanol market experienced a weak downward trend. As of the 10th, the average price in the domestic market was 2080.00 yuan/ton, a decrease of 2.12% compared to the price of 2125.00 yuan/ton on December 1st. In December, the amount of methanol arriving at the port increased, and the supply in the port market was sufficient. The expected operating rate of methanol in mainland China is expected to be bullish, and there is significant pressure on spot supply. At the same time, downstream inventories are high, and the atmosphere for market entry and procurement is weak. Methanol companies have poor shipments, and the methanol market is operating weakly.
The downstream acetic anhydride market is relatively strong and rising. From December 1st to 10th, the average ex factory price of acetic anhydride was raised from 4012.50 yuan/ton to 4130.00 yuan/ton, an increase of 2.93%. Upstream acetic acid continues to rise, and the cost pressure of acetic anhydride increases. Downstream market purchases follow up on demand, and demand has rebounded. With cost support, the price of acetic anhydride is running relatively strong during the cycle.
In terms of future market forecast, the acetic acid analyst from Shengyi Society believes that the domestic acetic acid production rate is not high, enterprise inventory is low, and manufacturers have a clear bullish mentality. Downstream purchases follow up on demand, and the fundamental supply is relatively strong. It is expected that the acetic acid market will remain strong in the later stage, and attention will be paid to the market supply situation in the future.