According to the Commodity Market Analysis System of Shengyi Society, as of March 31, the average market price of acetic acid was 4140 yuan/ton, an increase of 663.33 yuan/ton or 19.08% compared to the price of 3476.67 yuan/ton on March 25.
Recently (3.25-3.31), domestic acetic acid prices have risen sharply. Raw material methanol maintains a high level of operation, and cost benefits still exist to support it; The operating rate of acetic acid on the supply side has decreased narrowly, and enterprise inventory is relatively low, while market prices continue to rise; At the same time, downstream product prices in the industrial chain have shown a sustained and wide upward trend, providing strong support for acetic acid. The combination of favorable factors in the market has driven the continuous rise of the acetic acid market.
Recently, the raw material methanol market has been consolidating at a high level. As of March 31st, the average price in the domestic market was 3356.67 yuan/ton, an increase of 7.24% compared to the price of 3130 yuan/ton on March 25th. Affected by geopolitical conflicts, methanol imports have been reduced, futures market prices have risen, and the spot market is supported by port inventory depletion and domestic olefin enterprise procurement. Industry players have a bullish mentality, and the focus of spot prices has shifted upward. The methanol market maintains a high and volatile operation, and the increase in cost side prices has increased the pressure on vinegar.
The downstream acetic anhydride market has shown a strong upward trend, with the average ex factory price of acetic anhydride rising from 5605.00 yuan/ton to 6162.50 yuan/ton from March 25th to 31st, an increase of 9.95%. The production of acetic anhydride on the supply side is stable, and downstream entry into the market is mainly based on demand. The market trading atmosphere is still good, and the price trend of acetic anhydride on the raw material side is strong, with obvious cost support, driving the optimistic upward trend of acetic anhydride prices.
Market forecast: According to the acetic acid analyst from Shengyi Society, domestic acetic acid companies have low inventory levels, and manufacturers have a strong intention to raise prices. The strong upward trend of upstream and downstream products supports acetic acid, and the market fundamentals are relatively strong. It is expected that the acetic acid market will continue to operate at a high level in the short term, and attention will be paid to the market supply situation in the future.