According to the Commodity Market Analysis System of Shengyi Society, the price trend of acetic acid in October first stabilized and then fell. As of October 31, the price was 2420 yuan/ton, a decrease of 220 yuan/ton compared to the beginning of the month’s acetic acid price of 2640 yuan/ton, a decrease of 8.33%.
The price of acetic acid in October showed a weak downward trend. In the first half of the month, the price of acetic acid remained stable at a high level, and downstream restocking followed suit after the holiday. The utilization rate of supply side production capacity slightly decreased, and the market sentiment was optimistic. Acetic acid enterprises continued to operate with firm quotations; In the second half of the month, although the production of equipment has still decreased, downstream demand has weakened, and the sentiment of entering the market for goods is cautious. Market trading is poor, and enterprise inventory has accumulated. In order to maintain the price of acetic acid for shipment, it continues to decline.
The raw material methanol market is fluctuating and operating weakly. As of October 31st, the average price in the domestic market was 2155 yuan/ton, a decrease of 3.67% compared to the beginning of the month price of 2237 yuan/ton. The supply of methanol in the port market is high, with significant inventory pressure and overall weak fluctuations. The supply and demand situation in the mainland market is weak, with poor shipments from enterprises and a continued weak pattern within the market. The trend of the methanol market is first rising and then falling.
Market forecast: Business Society analysts believe that the recent acetic acid market atmosphere is bearish, with significant inventory pressure on enterprises. There will be fewer acetic acid maintenance facilities next month, and the supply will still be bullish. The overall demand side is weak, and there may be some increase in production in the later stage. The on-site supply is strong and demand is weak, and it is expected that the acetic acid market will be weak and consolidate operations in the later stage. Specific attention will be paid to downstream follow-up situations.