According to the Commodity Market Analysis System of Shengyi Society, as of February 21, the average price of acetic acid was 2880 yuan/ton, an increase of 50 yuan/ton compared to the price of 2830 yuan/ton on February 15, an increase of 1.77%, and a decrease of 2.37% compared to the beginning of the month.

This week, the acetic acid market continued to operate strongly, and enterprise quotations continued to rise. On the supply side, domestic acetic acid companies are scheduled for maintenance, resulting in a decrease in on-site capacity utilization. At the beginning of the week, acetic acid companies’ quotations rose sharply, while downstream factories started production, resulting in decent demand and positive market transactions. With the support of favorable suppliers during the week, acetic acid quotations continued to increase.

As of February 21st, the market prices of acetic acid in various regions are as follows:

Region/ February 15th/ February 21st/ rise and fall

South China region/ 2900 yuan/ton/ 3000 yuan/ton/ +100

North China region/ 2730 yuan/ton/ 2805 yuan/ton/ +75

Shandong region/ 2780 yuan/ton/ 2830 yuan/ton/ +50

Jiangsu region/ 2825 yuan/ton/ 2850 yuan/ton/ +25

Zhejiang region/ 2925 yuan/ton/ 2975 yuan/ton/ +50

The upstream methanol market is fluctuating. From February 15th to 21st, the average domestic market price increased from 2578 yuan/ton to 2598 yuan/ton, with an overall increase of 0.78%. The utilization rate of methanol production capacity remained high during the week. Although downstream external procurement boosted the mainland market, rational procurement was mainly maintained, and overall trading in the mainland market was weak and volatile.

The downstream acetic anhydride market has seen a narrow upward adjustment. On February 21st, the average ex factory price of acetic anhydride was 5110 yuan/ton, an increase of 0.49% compared to the price of 5085 yuan/ton on February 15th. The upstream acetic acid market continues to rise, and the cost of acetic anhydride is favorable. Enterprise quotations have increased significantly, and the demand side is following up on demand. Acetic anhydride prices have slightly increased during the week.

Market forecast: Business Society’s acetic acid analyst believes that the current utilization rate of acetic acid production capacity is not high, and the supplier’s mentality is strong. Next week, domestic equipment maintenance or normal operation may resume, and the market supply will increase. Downstream actively follows up, and the supply and demand in the market are relatively balanced. It is expected that the acetic acid market will narrow and stabilize in the later stage, and the overall operation will be stable. The market will pay attention to downstream follow-up situation.