According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid in July first fell and then rose. As of July 30th, the price was 2400 yuan/ton, a decrease of 90 yuan/ton compared to the beginning of the month’s acetic acid price of 2490 yuan/ton, a decrease of 3.61%.

The price of acetic acid in July was mainly weak. In the first half of the year, the utilization rate of acetic acid production capacity on the supply side remained high, market inventory continued to accumulate, and there was significant pressure on enterprises to ship. The demand side and downstream market were weak, with excessive consumption of inventory as the main factor. The demand for acetic acid was limited, and the market supply-demand contradiction was obvious. Acetic acid prices continued to decline. The policy news in the latter half of the month boosted the shipment of enterprises, but downstream demand was limited, inventory pressure still existed, and the rise of acetic acid was hindered. Under the game of supply and demand, acetic acid overall declined during the month.
The methanol market on the raw material side is weak and volatile. As of July 30th, the average price in the domestic market was 2416.67 yuan/ton, a decrease of 4.48% compared to the beginning of the month price of 2530.00 yuan/ton. In the first half of the year, methanol prices continued to decline, and the market was constrained by weak terminal demand. The port methanol market accumulated inventory, and downstream methanol in mainland China maintained cautious procurement for essential needs, resulting in insufficient upward momentum in the methanol market; In the latter half of the year, boosted by macroeconomic policies, the methanol market showed a strong upward trend. However, due to weak traditional downstream demand, the market was suppressed, and the spot price of methanol fell again.
Market forecast: Business analysts believe that the acetic acid market is currently experiencing a partial downward trend, with supply pressure still present. Downstream demand support is average, and enterprise shipments are limited, resulting in weak short-term prices. In August, there will be maintenance plans for enterprises on the supply side. Under the supply-demand game, it is expected that the acetic acid market will fluctuate and consolidate in the later stage, and specific attention will be paid to downstream follow-up situations.